8024 Telegraph

Jones Lang LaSalle Americas, Inc. (JLL), as exclusive representative for the owner, is pleased to present this offering for the sale of the 8024 Telegraph Road, a 363,872 square foot cold storage and distribution facility in the heart of the Baltimore-Washington industrial corridor.

The property is strategically located within less than 4 miles of Route 295, offering direct access between Baltimore and Washington, DC. Additionally, this location allows users to reach more than 80% of the United States population within a two-day drive.

• 100% leased, 363,872 SF cold storage/distribution building, 30' clear heights and LED lighting
• Passive, 7 year net lease income stream with 2.5% annual escalations
• Over $6 MM of capital invested by current ownership
• Four 5-year renewal options at 2.5% annual escalations
• Exceptional regional accessibility; 38 million people reachable within 300 miles
• Tenant has underlying contractual agreement with world's pre-eminent ecommerce company
• Proximity to the Port of Baltimore, the most efficient deep water port in the United States with over a 7.2% increase in TEU volume between 2018 and 2019
• Ideal East Coast cold storage distribution location
• Major Corporate presence in the area, contributing to an extremely tight market
• +/- 5 acres of additional developable offers additional upside