Rosso Commercial Real Estate Facilitates $3.7M Sale of Annapolis Medical-Office Building
The sale of the 'West Court' medical-office building in Annapolis for $3.7 million underscores the robust demand for strategically located commercial properties in the area.
Rosso Commercial Real Estate Services has successfully orchestrated the sale of the 'West Court' medical-office building in Annapolis for $3.7 million, highlighting the sustained interest in well-positioned commercial real estate within the region. The 30,731-square-foot property, located at 2448 Holly Avenue, is a four-story building that has served as a hub for medical and professional offices, benefiting from its prime location near major highways and the Annapolis Town Centre district.
Ryan Brassel and John Rosso of RossoCRE, who previously managed the property's leasing, transitioned their focus to facilitate the sale as the property's loan neared maturity. Their efforts culminated in identifying a buyer engaged in a 1031 exchange, a testament to the property's investment appeal. The building, approximately 50% leased at the time of sale, presents an immediate occupancy opportunity for large medical or office tenants, further enhancing its attractiveness.
The transaction not only reflects the vitality of Annapolis's commercial real estate market but also contributes to RossoCRE's 2025 sales volume exceeding $30 million. The property's strategic location, coupled with its zoning flexibility and parking availability, positions it as a coveted asset for both investors and end-users, signaling ongoing confidence in the area's commercial real estate sector.