Ground Lease Sale Of Retail Property In Clarksburg, MD For $8.2M

A ground-lease sale transaction has taken place in Clarksburg, MD. The property involved is a retail asset spanning 2.7 acres located at 22702 Gosnell Farm Drive. The deal was facilitated by Michael Berk and Sheree Strome of SRS Real Estate Partners. The sale price for the property was $8,200,000, with a total square footage of 8,000. This translates to a price per square foot of $1,025.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $8,200,000
• Address: 22702 Gosnell Farm Drive, Clarksburg, MD
• Market: Clarksburg, MD
• Brokers: Michael Berk and Sheree Strome - SRS Real Estate Partners
• Property Size: 2.7 acres
• Square Footage: 8,000
• Price per Square Foot: $1,025

The ground-lease sale was successfully executed with the involvement of Michael Berk and Sheree Strome from SRS Real Estate Partners. Their expertise and representation played a pivotal role in facilitating the transaction.