Pasadena, MD (September 29th 2017) — Rosso Commercial Real Estate (“RCRE”) of Annapolis is pleased to announce the recent Sale of the Stuart Kitchens Building located along Ritchie Highway in Pasadena, MD. RossoCRE obtained the listing as the Seller’s representative. This property did not last long: we obtained 5 offers and entered into a competitive offer situation that resulted in the property going under contract in under 30 days with an ALL CASH offer $100K above asking price. The building was purchased by a local investor with an all cash offer for $700,000. The property settled on September 26th 2017. The 2-story 6,000 Sq. Ft. + property sits on approximately 1 acre just off of Ritchie Hwy, providing easy and central access to the County.
Congrats to our Sellers and to Ryan Brassel for successfully brokering this transaction. Special thanks to Bill Steffey for representing the Buyer.