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25 Thomas Avenue

Mid Atlantic Express, LLC Sells 25 Thomas Avenue Industrial Site In Baltimore For $3.7M
SOLDIndustrial

Mid Atlantic Express, LLC Sells 25 Thomas Avenue Industrial Site In Baltimore For $3.7M

25 Thomas Avenue

$3,700,000

$176/SF

Building Size

21,000 SF

Asset Type

Industrial

Closing

Nov 10, 2025

AI

The property asset involved in the transaction is a 21,000 sq. ft. warehouse located at 25 Thomas Avenue in Baltimore, MD, with a sale price of $3,700,000. The asset features a 2.5-acre industrial outdoor storage component and is situated in a market known for its industrial properties.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $3,700,000
  • Address: 25 Thomas Avenue
  • Market: Baltimore, MD
  • Square Footage: 21,000
  • Price Per Square Foot: $176
  • Seller: Mid Atlantic Express, LLC
  • Buyer's Representative: Luke Wilson - CBRE
  • Seller's Representatives: Andrew Meeder, Daniel Hudak & Matthew Curran - MacKenzie Commercial Real Estate Services

MacKenzie Commercial Real Estate Services facilitated the sale, representing the seller while Luke Wilson from CBRE represented the buyer in this transaction. This deal underscores the active participation of key brokerage teams in the successful transfer of ownership for the property previously owned by Mid Atlantic Express, LLC.

Players

Andrew Meeder

MacKenzie Commercial Real Estate Services

Broker

$77.4M

vol

20 deals

Broker
MacKenzie Commercial Real Estate Services
MacKenzie Commercial Real Estate ServicesBrokerage
CBRE
CBREBrokerage

Brooklyn Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.29%

Cash-on-Cash

-1.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93