CPF-HCRE – Greenbelt LLC Acquires Medical Office Building In Greenbelt For $27.5M

The property involved in this transaction is a medical office located at 7500 Greenway Center Drive in Greenbelt, MD. The asset spans 192,000 square feet and was sold for $27,500,000, resulting in a price per square foot of $143. The building is anchored by Luminis Health and is currently 75% leased.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $27,500,000
• Address: 7500 Greenway Center Drive
• Market: Greenbelt, MD
• Square Footage: 192,000
• Price Per Square Foot: $143
• Buyer: CPF-HCRE – Greenbelt LLC
• Seller: Greenbelt Trade Center LLC
• Broker Representatives: Robert Filley & Chez Eider - Marcus & Millichap

This transaction was facilitated by Institutional Property Advisors, which successfully closed the sale of Maryland Trade Center III.