25000 SF • 2.22 Acres • $4,868,357 SOLD
Marty Clouser and Andrew Levant of Kennedy Wilson Real Estate Sales & Marketing represented a family trust in the disposition of a single tenant net leased Petsmart in Columbia, Maryland. At the time of the sale the tenant recently exercised a three year renewal with five 3-year renewals. The tenant was engaged in meaningful discussions with the landlord to renew early and extend out for the next 12 years.
The sale closed for full price at $4,868,357 ($195/SF) at a 6.79% cap rate.