Rosso Commercial Arranges $1.175M Office Condo Sale in Annapolis Town Center Through Creative Financing
Rosso Commercial Real Estate facilitated the $1.175 million sale of a 2,600-square-foot office condominium at Annapolis Town Center using an innovative owner-financing structure that provided both immediate capital and long-term income for the retiring seller.
Rosso Commercial Real Estate has arranged the sale of a 2,600-square-foot Class-A office condominium at 1906 Towne Centre Boulevard in Annapolis Town Center for $1,175,000. The transaction demonstrates innovative financing strategies in commercial real estate that can benefit both sellers and buyers in evolving market conditions.
The seller, a longtime owner who originally purchased and occupied the unit following the center's 2008 construction, recently retired from his law practice. Initially engaged to lease the space, Rosso Commercial identified a strategic opportunity to transition to a sale. Ross Westholm, Principal at Rosso Commercial, structured a creative owner-financing transaction that provided the client with both a meaningful capital event and ongoing cash flow through long-term interest income.
This deal showcases the importance of adaptability and client-focused strategy in commercial real estate, said Westholm. By pivoting from a leasing assignment to a tailored sale structure, we were able to deliver the best possible outcome for our client. The transaction highlights how commercial real estate professionals can create value through flexible financing arrangements that address specific client needs.
Located within the 2 million-square-foot Annapolis Town Center anchored by Whole Foods Market, Target, and Life Time, the office condo is part of a vibrant mixed-use hub with retail, residential, and office offerings that continues to serve as a central gathering place for the Annapolis community. The property's location within this thriving mixed-use development contributed to its market value and investment appeal.
Annapolis Town Center continues to thrive as a vibrant destination for shopping, dining, residential living, and business, serving as a central hub for the greater Annapolis community. The successful sale at this price point reflects the continued strength of well-located commercial properties in established mixed-use developments. Ross Westholm at Rosso Commercial represented the seller and George Shenas at Hyatt Commercial represented the buyer in this transaction. For more information about commercial real estate services, visit https://www.RossoCRE.com.