Cody Monroe Acquires Historic Office Building In Annapolis For $1.625M

The office property located at 186 Duke of Gloucester Street in Annapolis, Maryland has been sold in a transaction between Annapolis Capital Partners and the Maryland Bankers Association. The sale price for this historic building was $1.625 million. Spanning 4,267 square feet, the property was acquired by Annapolis Capital Partners, with the intention of relocating their headquarters while allowing the Maryland Bankers Association to continue occupying the space.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $1,625,000
• Address: 186 Duke of Gloucester Street
• Market: Annapolis, MD
• Buyer: Cody Monroe - Annapolis Capital Partners
• Seller: Maryland Bankers Association
• Brokers: Chris Bennett & Morgan Wimbrow - MacKenzie Commercial Real Estate Services
• SF: 4,267
• PPSF: $381

Annapolis Capital Partners, led by Cody Monroe, successfully completed the acquisition of the office property, making the move to purchase a pivotal moment for the company. On the other side, the Maryland Bankers Association, represented by the seller in this deal, will retain occupancy in the historic downtown Annapolis building. The brokers facilitating this transaction were Chris Bennett and Morgan Wimbrow from MacKenzie Commercial Real Estate Services, demonstrating their expertise in negotiating successful real estate deals.