Skip to main content

Vacant Building

Dorsey Business Center III

6797 Dorsey Rd, Elkridge, MD 21075

Listing Price: $5,450,000

Number of Units
4
Gross SF
54,449
Price/Gross SF
$100.09

Investment Overview

Marcus& Millichap has been exclusively retained by the Receivership of 6797 Dorsey Road in Elkridge, Maryland, also known as, Dorsey Business Center Three (the Property) in the disposition of this 54,449 square foot flex-office/industrial center. At 42% leased, the Property offers a blend of existing tenancy and the upside of prime space in the building yet to be leased. The Property is designed office, alternative, and industrial uses. Recently, flex properties have experience increased demand over traditional lobby office buildings as a result of the COVID-19 crisis.

Investment Highlights

  • RECENT ANCHOR RENEWALS, 42% LEASED Anchored Parsons (NYSE:PSN) and Commercial Lighting, an established regional firm, both of which recently renewed at the property,
  • UNIQUE POSITION TO OFFER VALUE The Receivership sale presents an opportunity for the Property to capture tenancy with a new basis that affords more options and near-term stabilization.
  • SCIF IN PLACE, SECURED FIBER ACCESS The Property was originally designed with defense contractors in mind and with secured fiber access to Forte Meade Cyber-Defense Center.

Exclusively Listed By

Vacant Building

Dorsey Business Center III

Listing Price: $5,450,000

Number of Units
4
Gross SF
54,449
Price/Gross SF
$100.09

Investment Highlights

  • RECENT ANCHOR RENEWALS, 42% LEASED Anchored Parsons (NYSE:PSN) and Commercial Lighting, an established regional firm, both of which recently renewed at the property,
  • UNIQUE POSITION TO OFFER VALUE The Receivership sale presents an opportunity for the Property to capture tenancy with a new basis that affords more options and near-term stabilization.
  • SCIF IN PLACE, SECURED FIBER ACCESS The Property was originally designed with defense contractors in mind and with secured fiber access to Forte Meade Cyber-Defense Center.

Investment Overview

Marcus& Millichap has been exclusively retained by the Receivership of 6797 Dorsey Road in Elkridge, Maryland, also known as, Dorsey Business Center Three (the Property) in the disposition of this 54,449 square foot flex-office/industrial center. At 42% leased, the Property offers a blend of existing tenancy and the upside of prime space in the building yet to be leased. The Property is designed office, alternative, and industrial uses. Recently, flex properties have experience increased demand over traditional lobby office buildings as a result of the COVID-19 crisis.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower