Ganges Laurel LLC Acquires Laurel, MD Office From Olive Enterprises, LLC For $3M

The office property located at 9705 Washington Blvd N in Laurel, MD was sold for $3,000,000. The total square footage of the property is 12,624, translating to a price per square foot of $238. The transaction took place between Marty Youmans of Olive Enterprises, LLC, who was the seller, and the buyer, Ganges Laurel LLC.

Summary of transation details:

• Property Type: Office
• Transaction Amount: $3,000,000
• Address: 9705 Washington Blvd N, Laurel, MD 20723
• Market: Laurel, MD
• Buyer: Ganges Laurel LLC
• Seller: Marty Youmans - Olive Enterprises, LLC
• Brokers: Cecil Cummins & Eric Pinkett - Hyatt Commercial

Cecil Cummins and Eric Pinkett from Hyatt Commercial represented the buyer, Ganges Laurel LLC, in the acquisition of the property. The sale price of $3,000,000 was $237.64 per square foot, higher than the regional average sale price, marking a successful transaction between the involved parties.