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
Aberdeen Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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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