Exclusive: Realty Income Snaps Up Amazon Facility Near DC

Realty Income has acquired a 154,334-square-foot industrial facility within Techwood Business Center in Hanover, Md., according to Yardi Matrix information. Longpoint Realty Partners sold the property for $39.8 million.

The property previously traded in May 2023, when Longpoint purchased it from Amazon in an almost $24 million deal, the data provider shows. The e-commerce giant continues to fully occupy the warehouse.

The distribution center, located at 7458 New Ridge Road, is part of Techwood Business Center, a six-building campus totaling 648,173 square feet.

---

READ ALSO: Why Smaller Investments Are Drawing a Crowd

---

The property is roughly 12 miles south of downtown Baltimore and about 30 miles northeast of Washington, D.C., within the Baltimore-Washington International Airport submarket, one of the region’s most active logistics hubs. Nearby major thoroughfares include interstates 95, 295 and Route 100, which provide access to major East Coast population centers.

Completed in 1997, the Class A warehouse is on a 12-acre site. It has 28-foot clear heights, 23 dock-high loading doors and seven drive-in doors, along with 20 trailer stalls and 150 car spots.

Baltimore industrial prices lag the national average

Industrial investment volume in Baltimore clocked in at $172 million year-to-date through April, according to a Yardi Matrix industrial report. Assets in the metro traded for about $134 per square foot, slightly below the $138 national average and nearby Philadelphia’s $150 per square foot.

Another notable deal that penciled through in the metro in the first months of this year is Origlio Beverage’s acquisition of 2209 Sulphur Spring Road. Aminim Group sold it for $31 million, or about $99 per square foot.