Finmarc Management Purchases Retail Properties From EPR Properties For $15.1 Million In Virginia And Maryland

Two movie-theater–leased retail properties located at 6201 Multiplex Drive in Centreville, VA, and 7710 Matapeake Business Drive in Brandywine, MD, were sold for a total of $15,100,000. The combined square footage of the properties is approximately 132,821, with a price per square foot of $114.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $15,100,000
• Buyer: Finmarc Management
• Seller: EPR Properties
• Brokers: Paul Norman, Jr & John Owendoff - Cushman & Wakefield
• Market: Centreville, VA & Brandywine, MD
• Square Footage: 132,821
• Price per Square Foot: $114

Finmarc Management acquired these assets, which are leased by Cinemark Centreville and Xscape Theatres. The purchase marks a significant addition to their portfolio, following more than $120 million in acquisitions last year. The company recognizes the long-term value-add potential of these properties situated in rapidly growing suburban markets.