ESJ Capital Markets Sells Three Industrial Buildings In Silver Spring For $28.5 Million

Three flex industrial buildings located at 11900, 11921 & 11941 Bournefield Way in Silver Spring, MD, have been sold for $28,500,000. The total square footage of the properties is 143,966, equating to a price per square foot of approximately $198.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $28,500,000
• Square Footage: 143,966
• Price per Square Foot: $198
• Seller: ESJ Capital Markets
• Broker: Transwestern

Transwestern represented both sides in the transaction, with the properties purchased by a group of high-net-worth investors from New Jersey. The assets were reported to be 89% leased to medical and commercial tenants.