Please ensure Javascript is enabled for purposes of website accessibility

Lee & Associates Maryland completes 2 flex condominium sales for $1.9M

Constructed in 1998, the building was converted to an office/warehouse condominium use and features 17- and 9-foot ceiling heights and rear loading docks. (Submitted photo)

Constructed in 1998, the building was converted to an office/warehouse condominium use and features 17- and 9-foot ceiling heights and rear loading docks. (Submitted photo)

Lee & Associates | Maryland recently concluded investment sales transactions for two condominium units contained within 8229 Cloverleaf Drive in Millersville, a single-story building containing nine separate units within 41,036 square feet of space.

The combined sales activity was nearly $1.9 million and involved private investors utilizing funds in a 1031 exchange. The property is located just off Interstate 97 in Millersville, within Anne Arundel County. Kate Jordan, SIOR, a principal with Lee & Associates, and Marley Welsh, a vice president with Lee & Associates, represented the transaction.

Constructed in 1998, the building was converted to an office/warehouse condominium use and features 17- and 9-foot ceiling heights and rear loading docks. The recent sales were for condominiums consisting of 3,244 and 11,605 square feet of space.

This transaction marks the completion of the sale of the original condos in the building. Lee & Associates represented the owner in the sale of eight of the nine condos. The property is located less than 10 miles from Baltimore-Washington International Thurgood Marshall Airport and 15 miles from Annapolis, and is in close proximity to Md. 100, which connects Anne Arundel and Howard counties.


To purchase a reprint of this article, contact reprints@thedailyrecord.com.