Asset, located at 6901 Rolling Mill Road in Baltimore City, includes two acres of Industrial Outside Storage land and is 100 percent leased by Dejana Truck & Utility Equipment
Falls Church, VA (September 15, 2026) – An investment affiliate of 1788 Holdings, LLC has executed the $9.96 million sale of 6901 Rolling Mill Road, a 75,000 square foot industrial/warehouse building situated in Baltimore, Maryland to an Industrial Outside Storage (IOS) property aggregator. The asset, which includes two acres of IOS land, is 100 percent leased and occupied by Dejana Truck & Utility Equipment. Bryn Merreyand John Faus of Marcus & Millichap represented 1788 Holdings, a privately-owned real estate investment firm which owns and manages a national commercial real estate portfolio spanning 13 states, with a market value exceeding $250 million.
Dejana Truck & Utility Equipment, a division of NYSE-traded Douglas Dynamics, Inc., has occupied 6901 Rolling Mill Road since 2005. The company utilizes the building, which is located adjacent to Interstate 95, to upfit bareback truck chasses with its own line of cargo and dry freight bodies, and as a ship-through distribution center for several product lines.
During its five-year hold period, 1788 Holdings, together with the tenant, completed property improvements to enhance the interior and exterior environments, instituted asset management protocols to increase building operation efficiencies and it negotiated a long-term extension with Dejana.
“The sale of this fully-leased asset highlighted the skill of our team in identifying the remediable aspects of the property which were detrimental to its market value and then executing a multi-year plan in order to sell a very different product back into the market five years later,” stated Larry J. Goodwin, Principal, 1788 Holdings. “The result for our investors were significantly better returns than those which were underwritten. Our ability to achieve the sales price for this institutional-quality asset is a testament to our strategy of buying and upgrading under-managed and under-leased Class B/B- quality assets in Class A locations,” he added. “In this case, the asset’s strategic infill location near the Port of Baltimore and its 50/50 blend of building gross leasable land industrial outside storage represented the perfect canvas for our repositioning program to outperform expectations both operationally and financially.”
1788 Holdings focuses on the identification, acquisition, asset management oversight, and repositioning of industrial/warehouse and Industrial Outside Storage properties located in primary and secondary markets throughout the country. The Northern Virginia-based group owns and manages approximately 40 assets, comprising more than two million square feet of space - including 88 IOS acres - with a market value exceeding $250 million.
“We have sustained confidence in both the national economy and commercial real estate sector, particularly the industrial/warehouse asset class, and we intend to remain aggressive and active in our approach for the foreseeable future to seize emerging opportunities,” added Goodwin. “Development activity has slowed, and this has fueled rental rate escalation and increased competitiveness for these properties, especially those with outside storage amenities. 1788 Holdings has the right team, determination and ready capital to take advantage of economic and market conditions to the benefit of our investment partners.”
1788 Holdings, LLC is a Northern Virginia-based commercial real estate investment and management with more than $250 million of Assets Under Management (AUM). Founded in 2010, the company has substantial experience and an established track record in deal sourcing, underwriting, financing, asset management and disposition. Visit www.1788holdings.com