Ruppert Properties of Laytonsville, Md. recently purchased a 210,000 SF vacant warehouse situated on 28 acres in Frederick, Maryland. Now called the Monocacy Trading Center, the former manufacturing facility is zoned for industrial and office uses and offers 22-foot clear height warehouse space for lease, in both dock and drive-in loading configurations. The property is served by rail and heavy industrial power and is located among the many technology and manufacturing firms in Frederick County, Maryland including the Fort Detrick Interagency Biodefense and National Cancer Institute campuses and has convenient access to interstate transportation corridors. The seller was represented by CBRE’s John Wilhide and John Boote and the purchaser by Seamus Fitzgerald of Fitzgerald Realty Group, Inc.
The property is currently undergoing extensive renovations including roof and facade replacement as well as upgrades to all building systems. In addition, aesthetic improvements are being made to the building and grounds to include new storefronts, windows, doors and canopies as well as new paving, security fencing and landscaping.
Ruppert Properties’ Managing Partner, Bill Meissner, states “This opportunistic value-add investment provides us the opportunity to offer quality, well located, bulk warehouse/manufacturing space at below market rents. The excess outside storage acreage and rail service at the property allows us to offer tenants amenities not commonly associated with industrial properties in Frederick.”
Ruppert Properties is a privately held commercial real estate investment company that invests, owns and manages industrial/flex office properties throughout the Washington/Baltimore metropolitan region. Their industry experience and hands on approach to development, construction, leasing and management allows them to competitively serve distribution, service, manufacturing, and office users.