Hercules Custom Iron Acquires 56,000 Square Foot Warehouse In Frederick For $8.3 Million

The property involved in this transaction is an industrial asset located at 4607 Wedgewood Boulevard, Frederick, MD. The sale was completed at a price of $8,300,000. The asset encompasses 5.6 acres and has a total square footage of 56,000. The price per square foot for the transaction is $148.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: $8,300,000
• Address: 4607 Wedgewood Boulevard
• Market: Frederick, MD
• Acres: 5.6
• Square Footage: 56,000
• Price per Square Foot: $148
• Buyer: Hercules Custom Iron (HCI)
• Brokers: Kenneth Fellows, Marc Balamaci, Robert Pugh - KLNB & Scott Mendelson - Edge Commercial

KLNB facilitated the transaction for Hercules Custom Iron, who is also engaging KLNB's services to sell their existing 26,000-square-foot facility located in Walkersville, MD. This new acquisition allows HCI to expand their operations threefold.