Millersville, MD (November 20th 2017) — Rosso Commercial Real Estate (“RCRE”) of Annapolis is pleased to announce the sale of 8530 Veterans Hwy, a 8,750 Sq. Ft. 2-story Class-A Office building located in Millersville. The property settled on November 14th for $2,250,000. The property was only on the market for 18 days before having a mutually agreed upon Letter of Intent to sell between the Buyer and Seller.
Located directly across from the 12-acre mixed-use Severna Park Gateway Village project, 8530 Veterans Hwy features high-visibility in the busy Millersville corridor, generous parking, upscale fit and finishes and easy regional access just off the I-97 Interchange. John Rosso of Rosso Commercial represented the Seller, 8530 Veterans Hwy, LLC. The buyer, Frederick Road Realty II, LLC was represented by Bill Steffey of O’Meara Properties.
The Buyer plans to move their Orthodontics practice into the top floor of the building and has retained Rosso Commercial as the Leasing agent to lease-up the remaining vacancy. This is the 2nd significant sale in the Veterans Hwy corridor Rosso Commercial has brokered this year; the other being the sale of 8666 Veterans Hwy to Anne Arundel County for 4.55M in September.