6901 Rolling Mill Road

Name: 6901 Rolling Mill Road
Brand: Marketplace

6901 Rolling Mill Road,
Baltimore, MD 21224

Asset Snapshot

Offering Summary

Investment Overview

Marcus & Millichap is pleased to exclusively present the sale of 6901 Rolling Mill Road, a 75,000 SF manufacturing facility situated on 6.44 acres of heavy industrial-zoned land in Baltimore, Maryland. Strategically located minutes from I-95, I-695, rail transloading facilities, and the Port of Baltimore, the Property offers exceptional access to regional and national logistics infrastructure.

The Property is fully leased to Dejana Truck & Utility Equipment Company, LLC, a wholly owned subsidiary of Douglas Dynamics (NYSE: PLOW), which has occupied the facility since 2005 and recently extended its lease through August 2031. Dejana is a leading East Coast upfitter of Class 4–6 trucks, and this facility serves as its primary Cargo & Van Body Equipment location and only truck body manufacturing site, highlighting the Property’s operational importance to the tenant.

The facility features a highly functional and difficult-to-replicate configuration, including substantial IOS, 110 parking spaces, six drive-in doors, four dock doors, and clear heights ranging from 16’7” to 20’5”. The Property has also been designated as a ship-thru location for Ford, RAM, and Chevrolet, supporting dealerships throughout the Eastern U.S.

The tenant has demonstrated long-term commitment through continued capital investment in the facility, including site upgrades and recent significant production equipment and assembly line enhancements.

The lease offers five years of remaining term, 3.5% annual rent escalations, and partial reimbursement of landlord capital expenditures. In addition, the current rental rate is roughly 16% below market despite the Property’s above-average IOS component and strategic location. Comparable industrial buildings and IOS sites imply market rent of $8.50/SF for the building and $7,500/Acre/Mo. for the IOS, resulting in an implied market rent of $817,500. With current base rent of $683,142, a new owner has a compelling mark-to-market opportunity upon renewal or rollover.

Overall, the investment offers stable cash flow backed by a publicly traded tenant with a long operating history at the Property. The combination of specialized improvements, significant IOS, and proximity to major transportation infrastructure creates high barriers to relocation and supports long-term tenancy stability while positioning ownership for future NOI growth.