Updated Jul 7, 2025
Taylor Chess's Peterson Cos Acquires Aberdeen Logistics Center In Aberdeen, MD For $51.3M
727 Old Philadelphia Road
$51,300,000
$102/SF
Building Size
500,400 SF
Asset Type
Industrial
Closing
Dec 14, 2023
About this deal
AI
Peterson Cos., the developer of National Harbor, has made its inaugural entry into Harford County with the acquisition of the Aberdeen Logistics Center, a 500,400-square-foot industrial warehouse, located at 727 Old Philadelphia Road in Aberdeen, MD. The property was sold for a total of $51.3 million, resulting in a price per square foot of $103.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $51,300,000
- Address: 727 Old Philadelphia Road, Aberdeen, MD
- Market: Aberdeen, MD
- Acres: 43
The buyer, Taylor Chess, representing Peterson Cos., saw the potential in the Aberdeen Logistics Center and decided to expand their presence in Harford County. On the other hand, the seller, John E. Schlifske, represented Northwestern Mutual Life in this deal.
On the Map
$51,300,000
$102/SF
Industrial
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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
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93