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SRS Real Estate Partners Completes $11M Sale of Waldorf Park in MD
SRS Real Estate Partners completed the $10.825 million sale of inline shops at Waldorf Park, located at 3716 Crain Highway in Waldorf, Maryland.
Built in 2022, the 22,425-square-foot property is situated on 2.03 acres and is 93% occupied by 12 tenants, including Comprehensive Primary Care, Club Pilates, and Naz’s Halal Food. SRS Capital Markets Executive Vice President & Managing Principal Andrew Fallon and First Vice President Philip Wellde Jr. represented the seller, Republic Land Development. The buyer, a Maryland-based private investor, was represented by Matthew Antonis of Friend Commercial Real Estate.
“This transaction completes the third and final disposition in a structured three-asset monetization strategy for Waldorf Park, led by the SRS team on behalf of the seller,” said Wellde. “The 36,000-square-foot asset commanded an aggregate valuation of approximately $20 million, while the individual asset sale strategy achieved the most aggressive pricing for each portion of the property.”
