April 22, 2020
KLNB’s Chris Kubler and Don Schline arranged the $14.5-million sale of the Mike’s Train House building in Columbia, MD. The duo represented seller MPW Enterprises LLC.
The 123,000-square-foot building is the only warehouse/distribution building within Columbia Gateway Business Park.
“This was a rare opportunity for buyers looking in the region,” said Kubler. “The inventory of available warehouses to purchase in the Baltimore-Washington Corridor is extremely limited and there is little land available to construct new buildings.”
The property had been on and off the market for years with competing real estate agencies, and was previously marketed as an office/flex building, given the park’s tenant base.
“KLNB brought a fresh set of eyes to the opportunity, and our team crafted a more relevant disposition strategy” that highlighted its warehouse functionality, said Schline.
For comments, questions or concerns, please contact Paul Bubny