An industrial property located at 749 MD Route 3 North in Gambrills, MD, was sold for $22,500,000. The asset spans 27 acres and offers a total square footage of 450,000, resulting in a price per square foot of $50.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: $22,500,000
• Address: 749 MD Route 3 North
• Market: Gambrills, MD
• Acres: 27
• Square Feet: 450,000
• Price per Square Foot: $50
• Buyer's Representative: Dave Dannenfelser & Tyler Boykin - Cushman & Wakefield
• Seller's Representative: Justin Mullen & William Steffey - Hyatt Commercial

Hanover Industrial affiliate CRP/THC MD3 Industrial Owner was the buyer in this transaction. The property was acquired from Baldwin Investors, with the deal brokered by Hyatt Commercial.