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629 South Philadelphia Boul...

McClung-Logan Equipment Inc Purchases Industrial Property In Aberdeen For $6.4 Million
SOLDIndustrial

McClung-Logan Equipment Inc Purchases Industrial Property In Aberdeen For $6.4 Million

629 South Philadelphia Boulevard

$6,400,000

$376/SF

Building Size

17,000 SF

Asset Type

Industrial

Closing

Oct 24, 2025

AI

The property involved in this transaction is an industrial asset located at 629 South Philadelphia Boulevard, Aberdeen, MD. McClung-Logan Equipment Inc purchased this renovated Class A warehouse for $6,400,000. The property comprises 17,000 square feet and spans three acres, and it will be utilized for equipment rental, contributing to the company's expansion in the Mid-Atlantic region.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $6,400,000
  • Sale Date: 10/24/2025
  • Address: 629 South Philadelphia Boulevard
  • Market: Aberdeen, MD
  • Square Footage: 17,000
  • Price Per Square Foot: $376
  • Buyer's Name: McClung-Logan Equipment Inc
  • Buyer's Representative: Matt Laraway & Ridgely Bowman - CBRE
  • Seller's Representative: Matthew Curran, Andrew Meeder & Daniel Hudak - MacKenzie Commercial Real Estate Services

This transaction demonstrates the involvement of multiple key individuals and firms, with McClung-Logan Equipment Inc being represented by Matt Laraway and Ridgely Bowman from CBRE. The sellers were represented by a team from MacKenzie Commercial Real Estate Services, including Matthew Curran, Andrew Meeder, and Daniel Hudak.

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

Aberdeen 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

2.48%

Cash-on-Cash

-0.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93