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Minkoff Development Corp Acquires Retail And Industrial Properties For $15.1 Million In Rockville

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SOLD
$15,100,000

Maryland

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Retail71,000 SF
Sold 12/16/2024
the dealdetailscomps
Property Image
SOLD

Minkoff Development Corp Acquires Retail And Industrial Properties For $15.1 Million In Rockville

15809 Frederick Road

See Similar Deals
Retail71,000 SF
Sold 12/16/2024
the dealdetailscomps

Summary

MARYLAND
Asset Type:Retail
Price Per Square Foot:$212
Total Square Footage:71,000 SF
Transaction Type:Sale

Minkoff Development Corp acquired properties located at 15815 & 15809 Frederick Road and 15850 Somerville Drive in Rockville, MD. The total sale price for the transaction was $15.1 million, which encompasses 71,000 square feet of retail and industrial space situated on a combined 3.75-acre site. The price per square foot stands at $213.

Summary of transaction details:

  • Property Type: Retail & Industrial
  • Transaction Amount: $15,100,000
  • Sale Date: 12/16/2024
  • Address: 15815 & 15809 Frederick Road & 15850 Somerville Drive
  • Market: Rockville, MD
  • Square Feet: 71,000
  • Price Per Square Foot: $213
  • Acres: 3.75

The deal involved Minkoff Development Corp as the buyer, indicating their strategic acquisition in Rockville’s retail and industrial market. The transaction highlights the activities of Minkoff Development Corp without revealing additional details about other parties involved.

Details

SOLD
IMAGE: 12/16/2024 ADDRESS: 15815 & 15809 Frederick Road & 15850 Somerville Drive MARKET: Rockville, MD ASSET TYPE: Retail & Industrial ~ ACRES: 3.75 BUYER: Minkoff Development Corp SALE PRICE: $15,100,000 SF: 71,000 ~ PPSF: $213 NOTE: Minkoff Development Corp acquired properties at 15815 & 15809 Frederick Road and 15850 Somerville Drive in Rockville for $15.1 million. The transaction includes 71,000 square feet of retail/warehouse space on a combined 3.75-acre site. RealEstate

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