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$2,000,000
Est. payment /mo
73,095 SqFt
UPDATED:
12/16/2024 08:11 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 $106,200
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
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Listed by Charles N Billig • A.J. Billig & Company
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