5501 Pennington Avenue Listing Details & Market Data

Situated on the corner of Pennington Avenue and Birch Street in Curtis Bay, 5501 Pennington Avenue, consists of multiple free-standing buildings constructed at varying times, and measuring 140,325 (+/-) square feet in total. Comprised of four individual parcels measuring a total of 41.01 (+/-) acres, the Property is located in an Opportunity Zone, and eligible for multiple in-place Economic Incentives. Zoned M-I and I-2, 5501 Pennington Avenue provides the unique opportunity to own prime industrial land and buildings in the land constrained Baltimore-Washington Corridor, with direct access to the Port of Baltimore waterways, CSX Railway, I-95, and I-695.Trout Daniel & Associates is pleased to exclusively represent the ownership in the sale of 5501 Pennington Avenue, a 41-acre (+/-) site, which formerly served as the Origin Americas Headquarters. At present, the Property is anchored by Universal Environmental Services, Aggregate Industries / Holcim Group, and Allan Myers, and generates in excess of $2,300,000 in annual Gross Income through multiple diversified revenue streams, including warehouse rents, oil re-refining, tank rentals, IOS / parking rents, and dockage fees. Additionally, the property provides value-add opportunities, including development/redevelopment of up to approximately 30 acres of raw land and improved property, restructuring existing below-market leases, maximizing underutilized dockage revenue, and new tank construction.Multiple Leases are in place.