Investment Overview

Marcus & Millichap is pleased to exclusively represent the ownership of 8230 Bletzer Rd Baltimore, Maryland (the Property) in the sale of this 5.2 Acre Manufacturing Heavy Zoned site currently leased to PLM Trailer Leasing of New Jersey. The proximity to the Port of Baltimore, Trade Point Atlantic, direct access to I-695 and the rapid rise in demand for port-centric industrial and outdoor storage space makes the site ideal for capturing close-in tenant demand for fleet parking to support aggressive logistics expansions nationwide. 8230 Bletzer Rd is located in the Baltimore County East submarket which is the fastest and most aggressive growth driver in the entire Baltimore Metro area. There is currently 4.5 Million square feet of industrial buildout taking place as we head into Q2 of 2022 and no signs of slowing down. In 2022, large companies such as McCormick, Niagara Bottling and BMW have called the Baltimore County East submarket home; including United Safety Technologies which is set to invest $350 Million and create approximately 2,000 new jobs in the area. With continued expansion and investment into the area from both national and local manufacturing/logistics companies we are seeing Baltimore County East continue to grow and remain one of the top economic hubs in the entire Baltimore Metro Market. As economic uncertainty hangs heavy for the country due to high inflation rates, supply chain disruptions, worker shortages, rising interest rates and stock market swings one investment has remained steady. Industrial real estate has continued to see strong growth throughout the country with over 550 Million square feet set for build out and vacancy in the sub 3% range, of which all are record levels. Most of this is due to a shift in consumer spending habits from brick and mortar to online shopping. With the continued adaptation of this model from younger generations the growth of online retail is expected to continue growing which will give the market both stability and long term gains. Rent growth in the industrial sector has continued to outpace inflation by a significant margin giving investors a solid hedge vs other investments. Baltimore has been one of the strongest industrial markets in the United States over the last 18 months due to its geographical location, built out infrastructure, rail access and the Port of Baltimore. The city is within a few hours drive of 100 Million people making it a hub for logistics and manufacturing companies. Close to $500 Million is being invested in the rail lines to allow for greater shipping capacity from the Port of Baltimore to the Midwest market which will create thousands of jobs. The Port of Baltimore has seen record activity over the last 12 months as other ports have reached capacity. Rent growth for Port Centric focused properties have been over 25% year over year ranking Baltimore in the top 3 industrial markets in the country. As the growth of logistics has hit new heights, the need for fleet parking, trailer storage or van parking nearby has become a necessity for major transportation companies and smaller 3PL’s alike. 8230 Bletzer is uniquely positioned to capture both the current demand and long term growth of Industrial Outdoor Storage (IOS) because of its location in the Baltimore East submarket and direct access to I-695.