Active
6411 Beckley St
Baltimore MD, 21224
$2,000,000
$27.36 per sqft
Active
73,095 sqft
Commercial
Built in 1999
REAL ESTATE AUCTION featuring ON SITE and SIMULCAST ONLINE BIDDING! Online Bidding Opens - Tuesday, January 21, 2025. Bidding Closes - Thursday, January 23, 2025 at 12:00 noon. List price is opening bid only. Live Auction Bidders - a $200,000 deposit, payable by cashier's check, will be required of the purchaser at time and place of sale. Online Auction Bidders - a $200,000 deposit, payable by cashier's check or wire, will be required of all online bidders prior to the start of the live auction.
6411 Beckley Street comprises a 77,225 square foot biomedical research office and laboratory building situated on 4.56 acres of industrially zoned and port adjacent land. The life sciences facility is currently 25% occupied by Pixelligent, Inc., a manufacturing company that, according to the company website, is "innovating advanced optical solutions for next-gen electronics applications." The tenant has extended their lease through May of 2027 with increased rent beginning in June of 2025 ($543,390 gross rent per year). Current operating expenses put the building at a roughly break-even proposition as it stands, with ample opportunity for strategic building improvements to reduce overall operating expenses in addition to 75% remaining space available to occupy or lease. Proximity to the port, industrial zoning and overall acreage also present an exciting opportunity to fully reposition the building to a variety of alternative uses, including cold storage, traditional office or institutional purposes. The auction presents a unique opportunity for a strategic company headquarters, creative redevelopment or simply a well-timed value-add leasing opportunity.
MDBA2148154
MLSⓇ ID
November 26, 2024
Listed
January 21, 2025
Updated
Map
6411 Beckley St
Baltimore MD, 21224
Interior Features
Interior Features
Elevator
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Hot Water
Exterior/Building Features
Lot Size
4.56 Acres
Sewer
Public Sewer
Other Property Details
Area Name
Baltimore City
Taxes
$106,200
Tax Frequency
Annually
Days on Market
57
Garage
No
Parking Total
168
View
No
County
BALTIMORE CITY
Water Source
Public
Pool
No
Open House Schedule
Thu, Jan 23rd
11:00 AM - 12:00 PM EST
Listed by A.J. Billig & Company
Listing Contact: 4102968440
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Data last updated on 1/21/2025 at 10:39 PM UTC