{"id":1004501545,"date":"2020-12-29T03:47:13","date_gmt":"2020-12-29T11:47:13","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004501545"},"modified":"2020-12-29T05:28:09","modified_gmt":"2020-12-29T13:28:09","slug":"bristol-capital-sells-maryland-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/bristol-capital-sells-maryland-facility\/","title":{"rendered":"Bristol Capital Sells Maryland Facility"},"content":{"rendered":"
\"\"<\/a>

12200 Baltimore Ave. Image courtesy of Edge Capital Partners<\/em><\/p><\/div>\n

Bristol Capital Corp. has sold a nearly fully occupied warehouse and office property in Beltsville, Md., for $15.7 million. The company sold 12200 Baltimore Ave. to a 1031 exchange investor represented by Mid-Pacific Advisors. <\/p>\n

The 106,000-square-foot property offers both warehouse and office space and was built with 24 to 30 feet clear ceiling heights, dock loading and drive-in options, a parking lot that can accommodate 250 cars and 8 acres of land that can be used for excess parking or outdoor storage. The property was 97 percent occupied with three tenants at the time of the deal, the roster including Advanced Collision, Rolling Green Landscaping and cybersecurity training company Sans Institute.<\/p>\n

Edge Capital Partners\u2019 Joe Friedman, Kenneth Fellows and Rob Pugh represented the seller while also procuring the buyer.<\/p>\n

The facility is roughly 30 minutes from both Washington, D.C., and Baltimore, right off Route 1 and close to Interstate 95 and Route 200. Friedman, who’s a partner with Edge, said in prepared remarks that the property has high roadside visibility.<\/p>\n

Earlier this year, NorthBridge Partners acquired a nearby 123,000-square-foot warehouse<\/a> for $15.5 million.<\/p>\n

Former Ritz Camera headquarters<\/h2>\n

As for 12200 Baltimore Ave., the property was built as the corporate headquarters of Ritz Camera in 1984. The national photo retailer sold the property when it went bankrupt. A Bristol Capitol affiliate acquired 12200 Baltimore Ave. from principals of Ritz Camera in May 2013 for roughly $5 million. Bristol tapped Edge in 2016 to lease up the property.<\/p>\n

Edge\u2019s latest efforts led to the 37,000-square-foot lease with Advanced Collision, which was signed earlier this year. Friedman also said that the sale was a collaboration between Edge\u2019s leasing team, who brought up the property\u2019s occupancy, and the capital markets team.<\/p>\n","protected":false},"excerpt":{"rendered":"

The industrial and office property, located between Washington, D.C., and Baltimore, is 97 percent occupied.<\/p>\n","protected":false},"author":883,"featured_media":1004501548,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21783,11,21742,1615],"tags":[33536,50848],"class_list":["post-1004501545","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-investment","category-midatlantic","category-latest","category-washington-dc","tag-1031-exchange","tag-bristol-capital-corporation"],"acf":[],"yoast_head":"\nBristol Capital Sells Maryland Facility - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/bristol-capital-sells-maryland-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bristol Capital Sells Maryland Facility\" \/>\n<meta property=\"og:description\" content=\"The industrial and office property, located between Washington, D.C., and Baltimore, is 97 percent occupied.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/bristol-capital-sells-maryland-facility\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-29T11:47:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-12-29T13:28:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/12200-baltimore-ave-e1609242371362.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1031\" \/>\n\t<meta property=\"og:image:height\" content=\"774\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jackson Chen\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/bristol-capital-sells-maryland-facility\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/bristol-capital-sells-maryland-facility\\\/\"},\"author\":{\"name\":\"Jackson Chen\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/8d4607aca26f3427c49fe54ddc82ddf1\"},\"headline\":\"Bristol Capital Sells Maryland Facility\",\"datePublished\":\"2020-12-29T11:47:13+00:00\",\"dateModified\":\"2020-12-29T13:28:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/bristol-capital-sells-maryland-facility\\\/\"},\"wordCount\":296,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/bristol-capital-sells-maryland-facility\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2020\\\/12\\\/12200-baltimore-ave-e1609242371362.jpg\",\"keywords\":[\"1031 Exchange\",\"Bristol Capital Corporation\"],\"articleSection\":[\"Deals\",\"Industrial\",\"Investment\",\"Mid-Atlantic\",\"News\",\"Washington D.C.\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/bristol-capital-sells-maryland-facility\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/bristol-capital-sells-maryland-facility\\\/\",\"name\":\"Bristol Capital Sells Maryland Facility - 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