Mid Atlantic Express LLC Acquires 25400 Square Foot Warehouse In Baltimore For $4.5M
1340 Chesapeake Avenue
$4,500,000
$177/SF
Building Size
25,400 SF
Asset Type
Industrial
Closing
Nov 3, 2025
AI
Mid Atlantic Express LLC acquired a 25,400-sq-ft warehouse at 1340 Chesapeake Avenue in Baltimore, MD for $4.5M. The property, classified as industrial, is situated in the Curtis Bay area and was sold at a price per square foot of $177.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,500,000
- Address: 1340 Chesapeake Avenue
- Market: Baltimore, MD
- Square Footage: 25,400
- Price Per Square Foot: $177
MacKenzie Commercial Real Estate Services' Andrew Meeder, Daniel Hudak, and Matthew Curran represented the buyer in this transaction, facilitating the deal on behalf of Mid Atlantic Express LLC.
Players
Edgewater Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93