E-Commerce Industrial Baltimore

Industrial Property
Experienced Plus Sponsor
The O'Donnell Group
Newport Beach, CA

Offered By

The O'Donnell Group

Newport Beach, CA

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Assets Under
Management

Currently
$166MM less than 10 assets
Exited
$230MM 20+ assets
Portfolio LTV
47%  
Historical
Realized Returns

Total IRR
34%  
Equity Multiple
2.62x  
Annual Cash
N/R  
Years Of
Experience

As Principals
20+ years  
In Business
45 years  
Size
5 Staff * Dedicated investor relations
* All information is reported by The O'Donnell Group as of 11/27/2017.
Assets Under
Management

Currently
$166MM less than 10 assets
Exited
$230MM 20+ assets
Portfolio LTV
47%  
Historical
Returns

Total IRR
34%  
Equity Multiple
2.62x  
Annual Cash
N/R  
Years Of
Experience

As Principals
20+ years  
In Business
45 years  
Size
5 Staff * Dedicated investor relations
* All information is reported by The O'Donnell Group as of 11/27/2017.

About this Property

The O’Donnell Group, Inc. is in the process of acquiring 2209 Sulphur Spring Road in Halethorpe, Maryland, a 313,000 square foot distribution warehouse located on two land parcels totaling 20 acres. The property is being acquired for $13,400,000 or $42.81 PSF which is estimated to be 50% below replacement cost. Sulphur Springs offers truck courts ranging from 160’ to 230’ and can accommodate 100 trailer drops which are highly desirable in an in-fill location. Further, the property has an excellent in-fill location between the BWI Airport and the Port of Baltimore.

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Key Points

  • Former IKEA Warehouse: IKEA, the property’s current and sole tenant, is vacating the property at the end of November. O’Donnell is leveraging the IKEA vacate to structure an advantageous acquisition of a soon-to-be vacant but primely situated warehouse and reposition it into a multi-tenant property over an 18-month period.
  • Strong Industrial Market: The overall vacancy for the submarket is 7.4%, below the historical average of 8.6% and well below the six year high of 11.0%. The market currently demonstrates the opportunity for strong growth with solid manufacturing fundamentals and the paradigm shift from brick and mortar retail to e-commerce.
  • Strategic Industrial Location: Located directly adjacent to the Baltimore Beltway (I-695) one turn from Route 1 and two turns from I-695 and I-95 in the Baltimore-Washington Corridor. The natural barriers to entry in this submarket (92+% occupancy; extremely limited competitive set) combined with continued growth in demand should drive industrial property performance.
  • Acquisition Basis: The Sponsor is buying the property for $13,400,000 ($42.81 PSF) or 50% below replacement cost from a motivated seller.
  • Value Add Opportunity: The Sponsor plans to reposition the current asset, lease and sell it within 2-3 years. Capital improvements include the addition of new dock doors, paint, modern office areas, slurry sealed asphalt and landscaping. The Sponsor is targeting an 12 - 18 month lease-up period. Carrying costs during the repositioning period have been capitalized and reserved.
  • Established Sponsor: The O'Donnell Group has acquired or developed over 20 million square feet of industrial and commercial buildings valued over $1,200,000,000 over the last 40 years and currently owns and manages over 1,550,000 square feet of industrial buildings.
  • Strong Track Record: Projects in which the O'Donnell Group has accepted outside accredited investor capital have produced weighted average annualized net-to-investors returns of 36%.

Financials

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Offering Financial

Location Details

Baltimore, MD

A 313,000 square foot distribution warehouse repositioning opportunity ideally located adjacent to I-695 in Baltimore, MD. it is located between Baltimore and the Baltimore International Airport and is approximately 5 miles from each.

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Documents

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Offering Agreement Documents

Frequently Asked Questions

Below are some of the most frequently asked questions about this offering.

The funding deadline for this opportunity is December 15th, 2017.

This is a value-add repositioning play. There will be no cash flow until we lease and sell the project. This is anticipated to occur within two years.

This is a value-add repositioning play. There will be no cash flow until we lease and sell the project. This is anticipated to occur within two years.

Yes, non-US residents are welcome to apply.

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Have a Question?

Send The O'Donnell Group and/or RealCrowd a message. If you have a question about this offering ask The O'Donnell Group. If you have a question about the transaction process or other general inquiry, RealCrowd will be happy to help.

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