Remarks

REAL ESTATE AUCTION featuring ON SITE and SIMULCAST ONLINE BIDDING! Online Bidding Opens - Tuesday, January 21, 2025. Bidding Closes - Thursday, January 23, 2025 at 12:00 noon. List price is opening bid only. Live Auction Bidders – a $200,000 deposit, payable by cashier’s check, will be required of the purchaser at time and place of sale. Online Auction Bidders – a $200,000 deposit, payable by cashier’s check or wire, will be required of all online bidders prior to the start of the live auction.

6411 Beckley Street comprises a 77,225 square foot biomedical research office and laboratory building situated on 4.56 acres of industrially zoned and port adjacent land. The life sciences facility is currently 25% occupied by Pixelligent, Inc., a manufacturing company that, according to the company website, is “innovating advanced optical solutions for next-gen electronics applications.” The tenant has extended their lease through May of 2027 with increased rent beginning in June of 2025 ($543,390 gross rent per year). Current operating expenses put the building at a roughly break-even proposition as it stands, with ample opportunity for strategic building improvements to reduce overall operating expenses in addition to 75% remaining space available to occupy or lease. Proximity to the port, industrial zoning and overall acreage also present an exciting opportunity to fully reposition the building to a variety of alternative uses, including cold storage, traditional office or institutional purposes. The auction presents a unique opportunity for a strategic company headquarters, creative redevelopment or simply a well-timed value-add leasing opportunity.

Details

MLS#: MDBA2148154
Price: $2,000,000

Year Built: 1999

County: BALTIMORE CITY
Subdivision: Holabird
Tax Fee: 220020.0