The property involved in this transaction is a medical office located at 2448 Holly Avenue in Annapolis, MD. It encompasses a total area of 30,731 square feet and was sold for $3,700,000, translating to approximately $120 per square foot. The medical office was about 50% leased at the time of the sale and provides potential for immediate occupancy.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $3,700,000
• Square Footage: 30,731
• Address: 2448 Holly Avenue
• Market: Annapolis, MD
• Buyer’s Representative: Dom Digiovannantonio & Rob Freedman - JLL
• Seller's Representative: Ryan Brassel & John A. Rosso Jr. - Rosso Commercial Real Estate Services

The deal was facilitated by Dom Digiovannantonio and Rob Freedman representing the buyer, while Ryan Brassel and John A. Rosso Jr. represented the seller. This transaction involved a 1031 exchange buyer, highlighting the strategic financial interest in acquiring the property.