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

Property Image
SOLD
$6,400,000
Daniel Hudak
Andrew Meeder
+ 2

Maryland

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Industrial17,000 SF
Sold 10/24/2025
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Property Image
SOLD

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

629 South Philadelphia Boulevard

See Similar Deals
Industrial17,000 SF
Sold 10/24/2025
Daniel Hudak
Andrew Meeder
+ 2
Contact now

Summary

MARYLAND
Asset Type:Industrial
Price Per Square Foot:$376
Total Square Footage:17,000 SF
Transaction Type:Sale

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
18 deals$72.8M volume
BROKER

Daniel Hudak
MacKenzie Commercial Real Estate Services
12 deals$49M volume
BROKER

Matthew Curran
MacKenzie Commercial Real Estate Services
13 deals$49.2M volume(443) 573-3203
BROKER

Matt Laraway
Chesapeake Real Estate Group
2 deals$6.4M volume(443) 883-8182
BROKER

Ridgely Bowman
CBRE
1 deal$6.4M volume(410) 207-9631
BROKER

MacKenzie Commercial Real Estate Services
BROKERAGE

CBRE
BROKERAGE

Details

SOLD
IMAGE: 10/24/2025 ADDRESS: 629 South Philadelphia Boulevard MARKET: Aberdeen, MD ASSET TYPE: Industrial BUYER: McClung-Logan Equipment Inc BUYER'S REP: Matt Laraway & Ridgely Bowman - CBRE SELLER'S REP: Matthew Curran, Andrew Meeder & Daniel Hudak - MacKenzie Commercial Real Estate Services SALE PRICE: $6,400,000 SF: 17,000 ~ PPSF: $376 NOTE: McClung-Logan Equipment Inc. purchased a 17,000-square-foot industrial property in Aberdeen, Md., for $6.4 million from All Roads Company. The renovated Class A warehouse, spanning three acres, will be used for equipment rental and expands McClung-Logan’s Mid-Atlantic footprint.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$22,737.86
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