Industrial Real Estate Investment
Building Generational Value in America's Industrial Backbone
Oxford Realty Advisors is a private real estate investment firm targeting value-add industrial and flex properties across the Mid-Atlantic and Midwest.
What We Do
We invest thematically in functional industrial real estate, targeting below-replacement-cost basis in high-demand infill markets.
Acquire
We target Class B/C industrial and flex properties in the $1M–$10M range, acquiring significantly below replacement cost. We are not afraid of vacancy, deferred maintenance, or environmental complexity.
Operate
We are hands-on owner-operators. Every property in our portfolio is actively managed to institutional standards — from capital improvements to tenant retention — with the long-term horizon of permanent capital.
Compound
Our strategy is generational. We hold assets through cycles, capture mark-to-market rent resets at lease expiry, and reinvest proceeds into accretive acquisitions.
Investment Strategy
Thematic Investment in America's Industrial Backbone
The structural undersupply of functional shallow-bay industrial space in America's secondary markets represents one of the most compelling investment opportunities in commercial real estate. New construction costs for Class B/C flex product now exceed $150/SF in most markets — making it economically impossible to build the type of functional, small-bay product that the majority of industrial tenants actually need.
Oxford's edge lies in our willingness to acquire what institutional buyers avoid: high-vacancy assets with deferred maintenance, environmental complexity, or fractured ownership histories. We acquire these properties at a fraction of replacement cost, apply hands-on operational improvements, and hold for generational time horizons.
The compounding mechanism is straightforward: below-market leases reset to market at expiry, occupancy climbs through active management, and disposition proceeds are recycled into accretive acquisitions. A 15% portfolio LTV means we can deploy all-cash offers on new acquisitions while selectively recapitalizing existing holdings — and hold through any cycle without forced dispositions.
Investment Criteria
What We Look For
Target Markets
Four Core Markets Across the Mid-Atlantic and Midwest
Maryland
Columbia · Owings Mills · Eastern Shore · Baltimore City
Columbus, OH
Zettler · Banwick · Morrison · Rarig · E Fifth · Westerville · Livingston · Dublin
Kansas City
Raytown · State Route 350
3540 E. Fifth Avenue
Columbus, Ohio · 36,000 SF · Industrial
Acquired for $1.3M, this functionally obsolete truck repair facility was repositioned through a ~$1.0M renovation, including a new metal building skin, roof replacement, full asphalt milling and repaving, overhead door replacements, complete office rebuild, and upgraded HVAC systems. The project also addressed environmental challenges, coordinating with the Ohio EPA to implement vapor mitigation systems. Upon completion, we executed a 10-year lease with a global fragrance manufacturer, achieving an approximate 12% going-in cap rate and increasing the property's market value to nearly 2x total project cost.
Front View
Rear View
Portfolio
Representative Holdings
600,000+ square feet of shallow-bay industrial and flex space across four core markets.
9050 Red Branch Road
Columbia, MD
55 New Plant Court
Owings Mills, MD
29000 Information Lane
Eastern Shore, MD
2203-2207 Northwood Dr
Eastern Shore, MD
1900 North Broadway
Baltimore, MD
401 Sunburst Highway
Eastern Shore, MD
3540 E Fifth Avenue
Columbus, OH
1100 Rarig Avenue
Columbus, OH
2800-2826 Banwick Rd
Columbus, OH
2000-2008 Zettler Rd
Columbus, OH
2012-2026 Zettler Rd
Columbus, OH
384-420 Morrison Rd
Columbus, OH
3034 Westerville Rd
Columbus, OH
7658 Fishel Drive N
Dublin, OH
3875-3883 E Livingston
Columbus, OH
4601 E Fifth Avenue
Columbus, OH
4595 E Fifth Avenue
Columbus, OH
9620 State Route 350
Raytown, MO
Track Record
Case Studies
A selection of investments demonstrating Oxford's approach to value creation through operational intensity, basis discipline, and generational hold periods.
Sepich Portfolio
Columbus, OH · 110,000 SF · 8 Buildings · Multi-Tenant Industrial/Flex
Acquired from heirs of the original developer, with rents over 50% below market. Oxford deployed non-traditional marketing and active lease management to reset rents from under $6 PSF to $13 PSF gross. NOI has doubled in under five years with significant additional upside remaining as below-market leases roll.
9050 Red Branch Road
Columbia, MD · 90,000 SF · Multi-Tenant Industrial/Flex
Oxford's largest Maryland asset. Acquired stabilized at an 8.0% cap rate with rents slightly below market. Despite minimal turnover, active management has grown NOI from $613K to approximately $1.1M. Oxford has declined offers approaching $200 PSF, reflecting conviction in continued rent growth.
29000 Information Lane
Eastern Shore, MD · 48,000 SF · 5 Buildings · Multi-Tenant Industrial/Flex
Acquired at 33% occupancy from a multi-billion dollar construction company that had deprioritized the asset. Oxford deployed non-traditional marketing, offered targeted concessions, and improved responsiveness to lease up the property. Rents have nearly doubled from $8 to $15 PSF gross with a current waiting list.
1900 North Broadway
Baltimore, MD · 26,000 SF · Multi-Tenant Medical/Retail
Acquired from a national ministry at 77% occupancy with a 6,000 SF vacancy and below-market rents. Oxford negotiated a complex multi-tenant reconfiguration to accommodate a national dialysis operator, replacing below-market tenancies with market-rate leases and immediately adding $175K to NOI.
Fairground Village Center
Westminster, MD · 30,000 SF · Multi-Tenant Retail · Disposition
Acquired at 80% occupancy. After the largest tenant defaulted (vacancy spiked to 37%), Oxford demised the vacant space into smaller units, enabling rapid lease-up at higher rents. Property maintained near-100% occupancy through disposition. Sold in 2020 at 2× the acquisition basis.
Recent Activity
What's New at Oxford
Portfolio Surpasses 600,000 SF
Oxford continues executing its growth strategy with the acquisition of 7658 Fishel in Columbus and 401 Sunburst on the Eastern Shore, targeting single-tenant shallow bay industrial assets.
Kansas City Market Entry
Acquired 34,560 SF industrial flex property on State Route 350 in Raytown, MO — establishing Oxford's presence in a new core market with strong logistics fundamentals.
Portfolio Surpasses 400,000 SF
Following continued acquisitions in Columbus and Maryland, Oxford's portfolio now exceeds 400,000 square feet across four core markets.
What Our Partners Say
Built on Relationships
Nathan Pealer Managing Director Investments — Marcus & MillichapI've worked with Oxford for about 13 years and we've completed half a dozen transactions together. They consistently perform as capable buyers. When the opportunity is right, they overlook small problems and keep the bigger picture in mind. They've been on the broker side before, so they know the importance of trust and do not waste my time. Professional, easy to work with, and very responsive.
Broker Network
Are You a Broker?
Oxford invests 100% family capital — no outside investors, no fund structure, no committee. We close all-cash in 30–45 days from LOI, carry a 15% portfolio LTV, and are comfortable with vacancy, deferred maintenance, and environmental complexity. One call, one decision-maker, no financing contingency. Proof of funds available on request.
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The Firm
A Private Investment Firm Built for Generations
Founded in 2005, Oxford Realty Advisors began as a commercial real estate advisory practice before recognizing that the greatest opportunity lay not in transacting, but in owning.
Today, Oxford is a principal investor and operator with a portfolio of over 600,000 square feet of shallow-bay industrial and flex space across the Mid-Atlantic and Midwest. Our strategy is built on a simple conviction: functional industrial real estate in infill secondary markets, acquired significantly below replacement cost, compounds value over generational time horizons.
We operate with 100% family capital — no outside investors, no fund structure, no stakeholders to answer to. Every dollar deployed is our own. This means no investment committee, no capital calls, no LP approvals, and no bureaucratic drag on decision-making. When we commit to a deal, the only approval required is ours.
Founded as commercial real estate advisory
Shifted to principal investing and direct ownership
Entered Columbus, Ohio market
Portfolio surpassed 400,000 SF
Expanded into Kansas City market
600,000+ SF across four core markets, 140+ tenants
Leadership
Eric Goldberg
Founder
Eric Goldberg founded Oxford Realty Advisors in 2005 after a career in commercial real estate advisory and accounting. A graduate of Washington University in St. Louis with a degree in Accounting, Eric has built Oxford into a vertically integrated owner-operator of industrial and flex properties across multiple markets. His investment philosophy centers on acquiring functional industrial assets at a basis that provides a margin of safety against downside risk while positioning for long-term compounding through operational improvements and rent resets.
Gabriel Goldberg
Vice President, Acquisitions
Gabriel Goldberg leads Oxford's acquisition pipeline, from deal sourcing and underwriting to negotiation and closing. A graduate of Cornell University with a degree in Economics, Gabriel manages relationships with the firm's broker network, oversees due diligence for all new acquisitions, and is building the technology infrastructure to scale Oxford's operations.
For Prospective Tenants
Looking for Space?
Oxford owns and operates over 600,000 square feet of industrial, flex, and office space across four markets. Tell us what you need and we'll match you with available units.
Many of our units are available move-in ready with finished office space, drive-in or dock-height doors, paved parking, and updated electrical. Flexible lease terms from 1–10 years. We respond to all inquiries within one business day.
For Our Tenants
Tenant Resources
Everything you need to manage your tenancy with Oxford Realty Advisors.
Get in Touch
Contact
Office
9510 Persimmon Tree Road, Suite 200
Potomac, MD 20854