Jones Lang LaSalle Americas, Inc. (JLL), as exclusive representative for the Owner, is pleased to present this offering for 11100 Gilroy Road, the property, an institutionally owned, warehouse comprised of 46,851 square feet in the Hunt Valley Business Community located north of downtown Baltimore. The business park sits just off of I-83 and York Road and is approximately 6.5 miles from I-695 (the Baltimore Beltway). This facility has convenient access to shopping, banking, restaurants, hotels, Post Office, Light Rail Transit System and Hunt Valley Towne Centre.
11100 Gilroy Road is 100% leased to two tenants with an average remaining lease term of 5 years. The property features 21’ ceilings, dock and drive-in loading and well-appointed interior office build outs.
11100 Gilroy offers investors a significant opportunity to acquire a fully leased warehouse project in one of the Baltimore area’s most land constrained industrial markets. Investors will immediately benefit from the property’s strong in-place cash flow and stable tenancy, while being well positioned to capture additional value from the extremely tight market fundamentals that are continuing to drive rent growth.
- 100% leased; core-plus investment opportunity with upside potential
- Unmatched industrial submarket fundamentals
- Current rental rates are significantly below market rates
- Sought-after location with superior transportation access via I-83 to access the dynamic Baltimore and Washington, DC MSA’s
- Land constrained market with depleting industrial inventory
- 21’ clear ceilings with dock and drive-in loading
- Priced below replacement costs