New York City-based group acquires 6200 Fallard Drive for $1.8 million
MacKenzie Commercial Real Estate Services represented Catalyst Investment Partners in the acquisition of 6200 Fallard Drive, a 6,000 square foot warehouse building situated in the Upper Marlboro section of Prince George鈥檚 County, Maryland for $1.8 million. MacKenzie鈥檚 Oliver Fryer, Bryan Herr, Andrew Meeder and Matthew Curran represented the New York City-based group and Graysteel represented the seller, R&F Trucking in this transaction.
Under the terms of the sale, Catalyst Investment Partners negotiated the leaseback of the entire building, postioned at the intersection of Fallard Drive and Fallard Court, to the former ownership group. R&F Trucking currently utilizes the entire building for its distribution and logistics operations. Delivered in 1991, 6200 Fallard Drive is positioned approximately four miles from Interstate 495, 17 miles from Reagan National Airport and 35 miles from BWI Airport.
Last fall, MacKenzie Commercial Real Estates Services represented Catalyst Investment Partners in the acquisition of 920 Brunswick Street, a single-story building containing nearly 18,000 square feet of warehouse and commercial office space, as well as Industrial Outdoor Storage (IOS). The asset in Baltimore City was acquired for approximately $4 million.
Catalyst Investment Partners focuses primarily on the acquisition, management, and leasing of Industrial Outdoor Storage properties and presently owns or controls more than 60 IOS sites across the Eastern section of the United States.
鈥淐atalyst Investment Partners acquired a well-maintained, income-producing asset at below replacement cost in a submarket where single-tenant buildings of this size rarely become available,鈥� stated MacKenzie鈥檚 Oliver Fryer. 鈥淭his strategic acquisition continues the company鈥檚 mission of creating a critical mass of industrial/warehouse product in the Maryland region and the group intends to remain aggressive in its pursuit of additional assets locally.
The MacKenzie Companies operates five full-service divisions addressing all real estate asset classes include MacKenzie Commercial Real Estate Services, MacKenzie Management Company, MacKenzie Contracting Company, MacKenzie Capital and MacKenzie Investment Group. The company provides customized real estate solutions for institutional owners, investors, private companies and individuals. For additional information, visit .
