The property involved in the transaction is a 58,000-square-foot flex building located at 7152 Windsor Blvd in Milford Mill, MD. The property, an industrial asset, was sold for $8,500,000. It sits on nearly 5 acres and is fully leased to Leidos. Constructed in 1985, the single-story building features two dock loading doors, 16-foot ceilings, and a parking ratio of 5.19/1,000 square feet. Situated in the Windsor Mill market, the property is strategically positioned near major companies such as Northrop Grumman and Baltimore Gas and Electric Co.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $8,500,000.00
• Buyer: St. John Properties
• Seller's Representative: Robert Filley (Marcus & Millichap)
• Buyer's Representative: In-house
• Square Footage: 58,000
• Address: 7152 Windsor Blvd, Milford Mill, MD
• Market: Windsor Mill

St. John Properties, the buyer in this transaction, was attracted to the property due to its proximity to its 82-acre Windsor Corporate Park and 10-acre Windsor Office Park. Sean Doordan, the senior vice president of leasing & acquisitions at St. John Properties, highlighted the strategic significance of the location. On the other side, Robert Filley from Marcus & Millichap represented the seller in the deal, showcasing the involvement of key individuals from both parties in the successful transaction.