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TD Properties 3 Purchases Former Len The Plumber Headquarters In Baltimore For $2.5M

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SOLD
$2,500,000

Maryland

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Industrial24,000 SF
Sold 10/08/2025
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SOLD

TD Properties 3 Purchases Former Len The Plumber Headquarters In Baltimore For $2.5M

1552 Ridgely Street

See Similar Deals
Industrial24,000 SF
Sold 10/08/2025
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Summary

MARYLAND
Asset Type:Industrial
Price Per Square Foot:$104
Total Square Footage:24,000 SF
Transaction Type:Sale

The industrial asset located at 1552 Ridgely Street in Baltimore, MD, has been sold for a transaction amount of $2,500,000. The property encompasses a total of 24,000 square feet, translating to a price per square foot of $104.

Summary of transation details:

  • Property Type: Industrial
  • Transaction Amount: $2,500,000
  • Sale Date: 10/08/2025
  • Address: 1552 Ridgely Street
  • Market: Baltimore, MD
  • Square Footage: 24,000
  • Price per Square Foot: $104
  • Buyer: TD Properties 3
  • Broker Representatives: Jim Chivers - Gold & Company, John Roe - Gold And Company

In this transaction, TD Properties 3 will collaborate with Stephen Hubbard of Reedbird Steel to establish a construction trade school under Julia’s Gift Foundation at the acquired site, which previously served as the headquarters for Len The Plumber.

Players

Jim Chivers
3 deals$7.7M volume(443) 928-7522
BROKER

John Roe
Gold And Company
1 deal$2.5M volume(410) 960-9554
BROKER

Gold And Company
BROKERAGE

Details

SOLD
IMAGE: 10/08/2025 ADDRESS: 1552 Ridgely Street MARKET: Baltimore, MD ASSET TYPE: Industrial BUYER: TD Properties 3 BROKERS: Jim Chivers - Gold & Company & John Roe - Gold And Company SALE PRICE: $2,500,000 SF: 24,000 ~ PPSF: $104 NOTE: The 24,000 sq. ft. former Len The Plumber headquarters at 1552 Ridgely St. in South Baltimore sold for $2.5M to TD Properties 3, which will partner with Reedbird Steel’s Stephen Hubbard to open a construction trade school under Julia’s Gift Foundation. &Company

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

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