Updated Dec 11, 2025
Fanaroff & Steppa LLC Sells Commercial Property In Annapolis For $3.5 Million
1701 West Street
$3,500,000
Building Size
—
Asset Type
Commercial
Closing
Dec 8, 2025
About this deal
AI
The transaction involved a commercial asset located at 1701 West Street in Annapolis, MD. This property spans 1.2 acres and was sold for $3,500,000. The site has been long-leased for use as a dealership.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $3,500,000
- Address: 1701 West Street
- Market: Annapolis, MD
- Seller: Fanaroff & Steppa LLC
- Broker: Gil Neuman - Neuman Commercial Group
Neuman Commercial Group facilitated the $3.5 million sale, marking the first transfer of the property in 44 years, previously serving as the location for the Criswell Acura dealership.
Annapolis Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93