The Edge Property Services Group was recently awarded a contract to perform full-service property management and engineering services for the Sugarloaf Business Center, a two-building asset containing nearly 62,000 square feet of flex/industrial space and located in the Ijamsville section of Frederick County, Maryland. The Edge Capital Markets Group recently brokered the sale of the 97% leased and occupied portfolio to Adams-Aumiller Properties for $6.2 million. Christina Martin, Director of Property Management will direct activities for this requirement. The Edge Property Services Group provides comprehensive property management and engineering services to building owners and investors in all commercial real estate asset classes.
Located at 9639 Doctor Perry Road and minutes away from I-270, the two-story buildings are positioned south of Frederick and Urbana and approximately 40 miles from Washington, D.C. and 60 miles from Baltimore. The assets are equipped with 14-foot ceiling heights, on-grade loading docks, average bay sizes of approximately 2,000 square feet of space and include a free surface parking lot that surrounds the buildings.
Space is currently configured in a 65% warehouse to 35% office mix to suit the needs of the current tenants which include Amentum, a federal government contracting company, engineering services firm Silver Palm Technologies and Wow Your Closet, a locally-based contractor specializing in residential renovations and improvements.
“Sugarloaf Business Center adds to our critical mass of properties situated throughout the DMV region, and we intend to apply our proven strategies and processes to this portfolio to achieve improved operating efficiencies and, in turn, higher value to the new ownership group,” explained Christina Martin of Edge.
Edge is a commercial real estate firm providing a full complement of advisory, leasing, investment sales, management, construction, property management and engineering services to clients throughout the Washington, D.C., Maryland, Northern Virginia, and Pennsylvania marketplaces. For additional information, visit www.edgecre.com.
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