BALTIMORE – Trout Daniel & Associates, a full-service commercial real estate firm, announces the sale of 3600 Crondall Lane in Owings Mills. 3600 Crondall Ln. is a 40,600 square foot flex building on 3.5 acres.
The property came to market 50% vacant, with 20,000 SF of contiguous vacant space optimized for a single user. The property was sold to a user, who will utilize the space for their health care business.
Gilbert Trout of TD&A represented the seller. Alex Simone of Gold and Company procured the buyer.
States Trout: “3600 Crondall Ln. was 50% vacant when we listed it for sale. And, while this presents obvious barriers to selling such a property to investors, the owner and I were optimistic that the 20,000 SF vacancy would in fact be an additive factor for a user seeking to own their location.
Real estate is often less about selling and buying buildings, and more about collaborating with other industry professionals to help a business find the optimal physical environment where they can prosper and nurture their employees and customer base. Alex Simone of Gold and Company represented the buyer and was a tremendous advocate for his client throughout the transaction.”
Contact Gilbert Trout at 443-921-9332 or gtrout@troutdaniel.com for more information.
About Trout Daniel & Associates
Trout Daniel & Associates is a full-service commercial real estate brokerage serving businesses throughout the mid-Atlantic and beyond. The firm takes a highly-customizable approach to providing a full range of commercial real estate services, including brokerage, development, consulting and management to the retail, office, industrial, multi-family and investment market segments. For more information, call: 410-435-4004 or visit: www.troutdaniel.com.