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$2,000,000
Est. payment /mo
73,095 SqFt
UPDATED:
11/26/2024 07:58 PM
Key Details
Property Type Commercial
Sub Type Special Purpose
Listing Status Active
Purchase Type For Sale
Square Footage 73,095 sqft
Price per Sqft $27
Subdivision Holabird
MLS Listing ID MDBA2148154
Originating Board BRIGHT
Year Built 1999
Annual Tax Amount $220,020
Tax Year 2024
Lot Size 4.560 Acres
Acres 4.56
Property Description
REAL ESTATE AUCTION featuring ON SITE and SIMULCAST ONLINE BIDDING! Online Bidding Opens - Tuesday, January 21, 2025. Bidding Closes - Thursday, January 23, 2025 at 12:00 noon. List price is opening bid only. Live Auction Bidders – a $200,000 deposit, payable by cashier’s check, will be required of the purchaser at time and place of sale. Online Auction Bidders – a $200,000 deposit, payable by cashier’s check or wire, will be required of all online bidders prior to the start of the live auction.
6411 Beckley Street comprises a 77,225 square foot biomedical research office and laboratory building situated on 4.56 acres of industrially zoned and port adjacent land. The life sciences facility is currently 25% occupied by Pixelligent, Inc., a manufacturing company that, according to the company website, is “innovating advanced optical solutions for next-gen electronics applications.” The tenant has extended their lease through May of 2027 with increased rent beginning in June of 2025 ($543,390 gross rent per year). Current operating expenses put the building at a roughly break-even proposition as it stands, with ample opportunity for strategic building improvements to reduce overall operating expenses in addition to 75% remaining space available to occupy or lease. Proximity to the port, industrial zoning and overall acreage also present an exciting opportunity to fully reposition the building to a variety of alternative uses, including cold storage, traditional office or institutional purposes. The auction presents a unique opportunity for a strategic company headquarters, creative redevelopment or simply a well-timed value-add leasing opportunity.
6411 Beckley Street comprises a 77,225 square foot biomedical research office and laboratory building situated on 4.56 acres of industrially zoned and port adjacent land. The life sciences facility is currently 25% occupied by Pixelligent, Inc., a manufacturing company that, according to the company website, is “innovating advanced optical solutions for next-gen electronics applications.” The tenant has extended their lease through May of 2027 with increased rent beginning in June of 2025 ($543,390 gross rent per year). Current operating expenses put the building at a roughly break-even proposition as it stands, with ample opportunity for strategic building improvements to reduce overall operating expenses in addition to 75% remaining space available to occupy or lease. Proximity to the port, industrial zoning and overall acreage also present an exciting opportunity to fully reposition the building to a variety of alternative uses, including cold storage, traditional office or institutional purposes. The auction presents a unique opportunity for a strategic company headquarters, creative redevelopment or simply a well-timed value-add leasing opportunity.
Location
State MD
County Baltimore City
Zoning I-2
Interior
Hot Water Other
Heating Hot Water
Cooling Central A/C
Heat Source Other
Exterior
Garage Spaces 168.0
Water Access N
Accessibility Elevator
Total Parking Spaces 168
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0326016923 005
Ownership Fee Simple
SqFt Source Assessor
Security Features Security Gate
Special Listing Condition Auction
Read Less Info
Listed by Charles N Billig • A.J. Billig & Company
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