Silver Spring Retail Property Trades for $9M
Marcus & Millichap has arranged the sale of two junior boxes totaling 37,206 square feet in Silver Spring, MD. The property sold for $9 million.
The property was recently leased to an Aldi grocery store and retailer Five Below. The two junior boxes are located within the greater 220,253-square-foot Orchard Center on Cherry Hill Road. The Property is shadow-anchored by Target, Kohl’s, ShopRite and PetSmart.
Chris Burnham, Dean Zang and David Crotts of Marcus & Millichap represented the buyer, a Maryland-based family office, in the transaction. The seller was not disclosed.
- ◦Acquisition