1900 Frankfurst Ave (21226)

• Sale Date: October 13, 2023
• 78,000 sf +/- on 14 acres +/-
• Seller: The Criterion Group, Astoria, NY
• Broker: Jim Chivers and Mitch Gold

Deal commentary highlighted in CoStar’s quarterly list of top property sales recognized for Baltimore: A pair of vacant properties along the Patapsco River in Baltimore that were once utilized during World War II were purchased. The Liberty Ship and Buffalo Tank buildings, two properties that were originally used to manufacture “liberty ships,” simple, low-cost cargo ships built during World War II to carry troops and bring “liberty” back to Europe. The buildings were also previously home to Amports, one of the largest auto processors in North America. The site also includes an outdoor storage area for the “Roll on – Roll off” vehicle shipping business. The property was on the market for about 5 1/2 months with an asking price of $12.5 million. The deal comes roughly two years after Criterion bought the portfolio for $7 million. The seller secured a short-term lease for the property and decided to divest the asset.