1017 Leslie Avenue 1017 Leslie Ave 19,910 SF Industrial Building Catonsville, MD 21228 $3,814,048 CAD ($191.56 CAD/SF)

Marcus & Millichap is pleased to exclusively represent the ownership in the sale of 1017 Leslie Avenue, Catonsville, MD 21228. This 19,910 SF, 5-unit warehouse sits on a 0.91-acre lot with BM (Business, Major) zoning. It is conveniently located just off Baltimore National Pike, providing quick access to I-695, Downtown Baltimore, and BWI Airport.
The building is divided into five separate units with four of them being accessible from Leslie Avenue (front of the property) and one from Cummings Avenue (rear of the property). Each unit has its own electric meter and bathroom (one bathroom has been removed). At closing, 4 of the 5 units will be vacated. Unit 1 is NNN-leased for a 5-year term with several extension options.
The unit sizes range from 3,286 SF up to 4,428 SF with clear heights from 10’2” to 20’6”. In total, the building features 5 drive-in doors and 2 loading docks. Currently bays 3, 4 and 5 are internally connected, but could be leased separately in the future. Bays 1 and 2 were previously internally connected via a large door that has now been blocked.

At closing, 15,515 SF of the building will become vacant, allowing an owner-user to take occupancy. Alternatively, an investor can earn above average returns by leasing the vacant space. The local industrial market is healthy with virtually no nearby vacancies.
The property benefits from immediate access to Baltimore National Pike, which has an AADT of 52,802. Not only is it surrounded by various national retail brands such as McDonald’s, Starbucks, and Sunbelt Rentals, but it also within an 8-minute drive of both I-695 and I-70.
This opportunity is ideal for an owner-user seeking industrial space that’s equipped with multiple loading options, high ceilings, and quick highway access. The property should also appeal to investors because it can be leased as is with minimal capital improvements.