Situated on a 12.6-acre parcel off I-695, the warehouse at 6610 Cabot Dr. is a 15-year-old structure that boasts a location just 10 miles outside of Baltimore. The facility is presently occupied by convenience store product distributor Eby-Brown, whose lease on the space is not scheduled to expire for another eight years or so. According to Anne Arundel County records, the property has a current assessed value of nearly $6 million.

As for the nature of the transaction, there will likely be more in the area in the near future as TIC investments gain in popularity. "The TIC structure allows investors the opportunity to perfectly match their 1031 exchange proceeds with a diversified portfolio of new properties," says Direct Invest CEO Richard Previdi. "Direct Invest is committed to offering these investors institutional grade real estate investment opportunities throughout the Mid-Atlantic and Northeast regions."