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MacKenzie brokers $5.15M sale of Elkridge buildings

6805 Douglas Legum Drive, a three-story building containing approximately 20,400 square feet of commercial office space, was 100% occupied at the time of the sale. (Submitted photo)

MacKenzie Commercial Real Estate Services LLC brokered the sale of two buildings in Elkridge for a combined $5.15 million, the company announced Wednesday.

Douglas Legum Drive LLC acquired 6805 Douglas Legum Drive from ICAT Real Estate LLC for approximately $3.9 million, with Vice President Matthew Curran and Senior Vice President and Principal Mark Deering of MacKenzie Commercial Real Estate Services representing both entities in the transaction. In addition, Curran and Senior Vice President & Principal Andrew Meeder of MacKenzie represented G2 LLC in the $1.25 million sale of 6330 Howard Lane, with Landmark Commercial Real Estate representing the buyer, Meckley Services Inc.

6805 Douglas Legum Drive, a three-story building containing approximately 20,400 square feet of commercial office space, was 100% occupied at the time of the sale. The asset features free parking, a rooftop deck that is available for social and business networking events by tenants and is situated near the intersection of MD Route 100 and US Route 1.

6330 Howard Lane is a single-story flex/industrial building comprising nearly 9,000 square feet of space. The building was acquired to house a new location for the commercial building services firm which also maintains offices throughout Virginia, Maryland and Washington Since 1994, Meckley Services has provided commercial construction, building services, disaster relief and recovery, and contract and facility services to end-users in the Mid-Atlantic region.

The vacancy rate for commercial office space in the BWI Corridor was 11.6%, and the vacancy rate for flex/industrial product stood at 8.4% at year-end 2021, according to data from MacKenzie Commercial Real Estate Services.