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80,000-SF Industrial Building Sells for $2.2M

WHITE MARSH, MD-Ownership of the 78,600-sf warehouse/industrial structure at 10939 Philadelphia Rd. changes hands for the first time in two decades, as owner JCB Excavating Co. sells the building to JKH Properties in a $2.2-million transaction. JKH plans to subdivide the space for leasing.

By Barbra Murray | Updated on December 02, 2002

WHITE MARSH, MD-The warehouse/industrial facility at 10939 Philadelphia Rd. has changed ownership in a $2.2-million deal. JCB Excavating Co. sold the 78,600-sf building to JKH Properties, which plans to sub-divide the office component and make the space available for leasing. NAI KLNB Inc.’s Peter Dudley and Jim Caronna brokered the deal on behalf of both the seller and the buyer.

Located in a spot with easy access to major area thoroughfares, the structure sits on a 13.5-acre parcel within Baltimore County limits. “The building is in excellent condition, offers flexibility for a number of small to medium-sized users, has capacity for outside and is situated near major highways including Interstate 95,” Dudley notes. According to Maryland Department of Assessments and Taxation records, the property carries a 2003 assessed value of just over $2.2 million. JCB had occupied the building itself. The company purchased 10939 Philadelphia Rd. from Rebe Inc. in 1981 for $850,000.

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