Press Release brought to you by NAI KLNB

NAI KLNB Brokers Sale for $5.63 million to Mia's Beauty Supply in Jessup MD

08/12/2016

NAI KLNB has brokered the sale of 7855 Rappahannock Avenue, a 136,440 square foot multi-tenant warehouse building located in the Jessup section of Howard County to one of the existing tenants, Mia’s Beauty Supply, for $5.63 million. Brad Berzins, Principal with NAI KLNB and Allan Riorda, Lee & Associates represented the former owner, and Mike Roden of CBRE represented the buyer in this transaction.

Located within the Maryland Wholesale Food Center near the intersection of US Route 1 and MD Route 175, the building is occupied by Mia’s Beauty Supply and Upper Crust Bakery.The property features 37,000 square feet of freezer space, 22,000 square feet of cooler space and 10,000 square feet of office space. It is situated on approximately six acres of land and is equipped with ceiling heights ranging from twenty to twenty-six feet.

“This building ideally suits the warehousing needs of the buyer, given its high ceiling heights, expansive space and prime position within the Baltimore-Washington corridor,”stated Brad Berzins of NAI KLNB.

Founded in 1968, KLNB, LLC is comprised of two real estate services companies that includes NAI KLNB, a division that focuses on the sale and leasing of commercial office, industrial and warehouse properties, as well as KLNB Retail, which specializes in the sale and leasing of retail properties as well as tenant representation. KLNB is a joint venture in Paragon Commercial Property Management, a full-service provider of commercial real estate property and asset management services. In addition, the company formed a joint venture partnership with ColumbiaNational Real Estate Finance, LLC to create Arris Realty Capital, an entity that provides real estate financing options.

KLNB, LLC provides a full range of integrated brokerage, sales, financial, investment and strategic advisory services to the commercial office, industrial and retail marketplace. Headquartered in Towson, MD, the other four full-service offices are located in Columbia, MD; Washington, D.C., as well as Tysons Corner and Dulles, Virginia. For additional information visit www.klnb.com

Source

NAI KLNB

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