Republic Land Development Sells 22,425 Square Foot Retail Property In Waldorf Maryland For $10.83M

The property involved in this transaction is a retail asset located at 3716 Crain Highway in Waldorf, Maryland. The property spans 22,425 square feet and was sold for $10,825,000, equating to a price per square foot of $483. Built in 2022, the property is currently 93% leased to 12 tenants, including Comprehensive Primary Care, Club Pilates, and Naz’s Halal Food.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $10,825,000
• Seller: Republic Land Development
• Buyer's Representative: Matthew Antonis - Friend Commercial Real Estate
• Seller's Representatives: Andrew Fallon & Philip Wellde - SRS Real Estate Partners
• Square Footage: 22,425
• Price Per Square Foot: $483

SRS Real Estate Partners facilitated the transaction, managing the sale of Waldorf Park inline shops, which consists of a diverse mix of retail tenants. The collaboration between the representatives important for the negotiation and execution of this transaction highlights the engagement of experienced professionals in the real estate market.