Odenton, MD (May 30th 2017) — Cohn Property Group D/B/A Silver Hill Apartments LLC has purchased 1215 Annapolis Road (known as “Odenton Medical Center”) for $6.2M. The property settled on May 19th. Rosso Commercial Real Estate of Annapolis represented the Seller and identified prospective purchasers off-market, which resulted in multiple offers and a successful sale to Cohn Property Group.

The 32,456 square foot property is located on 4 acres in the heart of the Odenton Town Center Master Plan growth district with +/-350 feet of frontage on Annapolis. The two-story property offers direct-access suite entrances and retail signage, which has attracted a diverse array of complimentary medical practices, professional businesses, and retail tenants

Mychael Cohn of Cohn Property Group states, Odenton Medical Center is a perfect fit for what we are looking to acquire as it has healthy in place cash flow with sticky tenancy and a value-add component through the ability to execute on an undeveloped pad site. We are excited to expand our portfolio into Odenton where we believe there will be significant growth in Anne Arundel County.”

The property was 96% leased upon contract execution. During due diligence, RossoCRE identified a new tenant for the remaining vacancy, allowing the property to transfer 100% leased upon closing.  

Cohn Property Group has retained RossoCRE as its leasing agent and is focusing on the development and lease-up of the vacant pad site fronting Annapolis Road that can accommodate a building up to 3,000 SF +/- with drive-thru. The Loughlin Management Group of Annapolis has also been retained to stay on as the property management company. For more information please contact RossoCRE at 410-260-0903 or Cohn Property Group at 240-760-1035. You can visit their website at www.RossoCRE.com or www.cohnpropertygroup.com.