Fulton Realty Capital advised a private client on the acquisition of a single-story, multi-tenant flex-industrial property located in the Chesapeake Bay area. The property was sourced by Fulton's commercial real estate team, who also secured regional bank financing and led all negotiations.
The 60,000 SF flex-industrial space features versatile, single-story layouts with direct access to each of the 14 suites. Tenants include a mix of regional, and local companies positioned across multiple industries.
The property was priced below replacement cost and was 100% occupied at the time of closing, providing a light value add through increasing rents as leases expire and tenants are renewed or replaced.