Lucern Capital Partners Acquires 60,000 Square Foot Industrial Property In Laurel For $9.175M

The property involved in this transaction is an industrial asset located at 14709-14711 Baltimore Avenue, Laurel, MD. The sale occurred for a total transaction amount of $9,175,000, with the property encompassing 60,000 square feet, translating to a price per square foot of $153. The asset is known as the Laurel Commerce Center and was 91% leased to tenants such as Mr. Tire and AWA Auto Repair.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $9,175,000
• Square Footage: 60,000
• Address: 14709-14711 Baltimore Avenue
• Market: Laurel, MD
• Price Per Square Foot: $153
• Buyer: Lucern Capital Partners
• Seller: David Fink - Finmarc Management, Inc
• Brokers: Christopher Kubler, Don Schline, Joe Friedman & Joshua Norwitz - KLNB

In this transaction, the parties involved include Lucern Capital Partners as the buyer, and David Fink representing Finmarc Management, Inc as the seller. The brokerage firm KLNB facilitated the deal through its representatives Christopher Kubler, Don Schline, Joe Friedman, and Joshua Norwitz.