Industrial Building

43,000+/- Square Feet
1.86+/- Acres
Tremendous Income Potential
$138,360 Current Gross Annual Rent Roll at 42% Occupancy
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Listing Details

Sold Price
$800,000
Auction Date
Auction Time
11:00 AM
Address
3501 Brehms Lane, Baltimore, MD, 21213
County
Baltimore City
Neighborhood
Belair-Edison
Additional Documents
Financing
See our Financing Page for a list of auction-oriented lenders.
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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Investment Opportunity

Well Maintained
INDUSTRIAL BUILDING
43,000± SF ◆ 1.86± Acres

TREMENDOUS INCOME POTENTIAL
$138,360 Current Gross Annual
Rent Roll at 42% Occupancy

Sale On Premises
3501 BREHMS LANE
Corner Brendan Avenue ◆ "Belair-Edison"
Baltimore, MD 21213

NOTE: The information contained herein has been obtained from sources deemed reliable and is believed to be accurate. However, no express or implied warranty is made or may be inferred from any such representation. Dimensions, square footage and acreage contained herein are more or less. Prospective purchasers are encouraged to perform their own due diligence, in advance of the auction, regarding the permitted uses of the property.

LOCATION:
3501 Brehms Lane is located in the Belair-Edison neighborhood of northeastern Baltimore City, south and east of Belair Road (US-1) and Erdman Avenue, and north and west of I-895 and US-40. The area has good proximity to I-95 and the Baltimore Beltway (I-695) providing highway linkage to the entire Baltimore metropolitan area, Washington, DC and points north and south.

The surrounding neighborhood is a mixture of residential, commercial and industrial land uses. Nearby houses are tidy. Community shopping districts are nearby on Belair Road, Erdman Avenue and Sinclair Lane. Industrial land uses are generally situated along Sinclair Lane, Erdman Avenue and Edison Highway. Regularly scheduled MTA bus service is within walking distance of the property.

SITE:
1.86 acres, situated at the southwest corner of Brehms Lane and Brendan Avenue, fronting approximately 385' along Brehms Lane and 181' along Brendan Avenue. 15' public alleys bound the remainder of the parcel.

Public water, sewer, gas, electricity, telephone, internet, phone

Approximately 75-car paved parking in the front, side and rear of the building - 10 spaces in front, 40-50 cars on side lot fenced with security gate, space for approximately 20 cars in rear

Topography - mostly level

Not located in a flood hazard area, see FEMA FIRM Panel 2400870008D

ZONING:
M-1-2, Light Industrial, allowing a variety of clean industrial uses and offices.
For more information, see the Baltimore City Zoning Code

IMPROVEMENTS:
Well maintained, pre-war one story Industrial Building with partial two story section.

  • 43,658 square feet of gross building area, according to public tax records
  • 39,567 square feet of leasable building area, 16,767 under lease, 22,800 available
  • Currently configured for four tenant spaces. Two are occupied by Vitel Communications (Comcast) and Raail Performance Coatings; two are vacant; separate entrances
  • Cellular Antenna Tower under lease expiring in 2067.
  • 5 loading docks - three front (one indoor, two currently not in use), two rear
  • Three front tenant entrances, one side entrance, two rear entrances
  • Utilities are sub-metered for each tenant space
  • Wet fire sprinkler system with cellular monitoring

Exterior

  • Brick and concrete block construction
  • Torch-applied membrane roof, new in 2006 and refreshed in 2015
  • Thermal replacement windows
  • Commercial aluminum doors
  • Fresh exterior painting, landscaping and signage

Interior

  • Concrete floors in industrial section, carpet and vinyl in offices
  • Drywall, fluorescent lighting, suspended ceilings in offices
  • Separate HVAC for each tenant - central gas heat or heat pump and central air conditioning in all office areas
  • 800-amp. single and three-phase electrical service
  • Back-up generator
  • Steel panel, aluminum and glass interior doors
  • 10' ceiling heights in offices, 14' in warehouse areas

Tenant Spaces
Raail Performance Coatings (approximately 6,767 square feet) - offices, break room, 3 rest rooms (2 with showers), former laboratory space, with epoxy-coated floors, floor drains and exhaust systems, used for processing, warehouse areas

Vitel Communications t/a Comcast (approximately 10,000 square feet) - offices, warehouse, indoor dock and rear loading door, break room, 2 rest rooms, conference room, second floor offices with two rest rooms

Vacant (approximately 13,800 square feet) - offices and warehouse, 3 rest rooms (1 with shower)

Vacant (approximately 9,000 square feet) - offices and warehouse, rest rooms

Verizon - cell tower

TITLE:
The property is in fee simple and sold free and clear of liens. Baltimore City Deed Book 6858, Page 475. Title is in the name of Brehms Lane, LLC and the LLC is available for transfer.

ADDITIONAL INFORMATION:
Please complete the Waiver and Confidentiality Agreement to receive the following:

  • Income and Expense Statement
  • Rent Roll and Leases
  • Phase I Environmental Report
  • Floor Plan
  • Survey

TERMS OF SALE:
A 10% deposit, payable by certified check, will be required of the Purchaser. Balance to be paid in cash at settlement, which shall take place within 45 days. If payment of the deposit or balance does not take place within the specified time, the deposit shall be forfeited and the property may be resold at the risk and expense of the Purchaser. All adjustments, including taxes, rents, all other public charges and assessments payable on a monthly or annual basis, and sanitary and/or metropolitan district charges, if any, to be adjusted for the current year to date of settlement and assumed thereafter by the Purchaser. The property will be sold in "AS IS" condition, and subject to easements, agreements, restrictions or covenants of record affecting same, if any. Purchaser assumes the risk of loss from the date of contract forward. The Purchaser waives and releases the Seller, the Auctioneers, and their respective agents, successors and assigns from any and all claims the Purchaser and/or its successors and assigns may now have or may have in the future relating to the condition of the property, including but not limited to the environmental condition thereof. If the Seller is unable to convey good and marketable title, the Purchaser's sole remedy in law or equity shall be limited to the refund of the deposit. Upon refund of the deposit this sale shall be null and void and of no effect, and the Purchaser shall have no further claim against the Seller or Auctioneers. Recordation costs, transfer taxes and all costs incidental to settlement to be paid by the Purchaser. Seller shall transfer any security deposits to Purchaser at settlement.  Time is of the essence.

No buyer's premium.