Kate Jordan & Marley Welsh Sell Warehouse for $153 PSF

12/22/16

Kate Jordan and Marley Welsh

Kate Jordan & Marley Welsh of Lee & Associates, one of the largest national commercial real estate providers with regional expertise, sold 219 Najoles Road in Millersville, Maryland on December 21, 2016. The property consists of a 5,200sf industrial building on 1.29 acres of industrial zoned land. The seller was able to achieve a sale price equal to the asking of $800,000.00 ($153/PSF). The seller was an owner occupant who constructed the building in 2000. The buyer plans to occupy the building.

This marks the 10th sales transaction for Jordan in 13 months and the 6th sales transaction for Welsh in 9 months. The other sales included: a 1.07 acre industrial lot in Elkridge in October, a 9,168sf warehouse located at 798 Marriottsville Road in August, a rare M2 lot in Jessup located at 10412 Guilford Road in July, a historic office building located at 8355 Court Avenue in Ellicott City in June; two flex condominiums located at 8229 Cloverleaf Drive, in Millersville in March; 1720 Belmont Avenue, in Windsor Mill in January; and 8262 Lokus Road, in Odenton this past November. All buyers were users who planned to occupy the premises.

Kate Jordan is a Principal at Lee & Associates Chesapeake. Her focus is industrial, office, and land leasing and sales. She is currently the listing agent for 2.5 million square feet. Marley Welsh is a Senior Associate at Lee & Associates Chesapeake. Welsh also focuses on industrial, office and land leasing and sales. She is currently the listing agent for 2 million square feet. To see Jordan’s or Welsh’s current availabilities, please visit Lee’s Website.

About Lee & Associates

Celebrating more than 37 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in North America with locations across the U.S. and Canada including California, Colorado, Arizona, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Maryland, Michigan, Missouri, Nevada, New Jersey, New York, Ohio, Pennsylvania, South Carolina, Texas, Vancouver BC and Wisconsin. With more than 800 brokers nationwide, Lee & Associates provides a wide range of specialized commercial real estate services on a local, regional and national level. For the latest news from Lee & Associates, visit http://www.lee-associates.com, or follow us on Facebook, LinkedIn and Twitter.