Sperry Van Ness – Miller procures $1.53 million for sellers of retail center

PRINCE FREDERICK, MD – Garry Jakoby, senior advisor with Sperry Van Ness – Miller Commercial Real Estate and manager of the satellite Annapolis SVN-Miller office listed Central Square Retail Center, located in Prince Frederick, in 2014. Jakoby leased the strip center to a natural health store, pawn shop, and formal wear store, keeping with a neighborhood feel. The new tenants and expansions brought the tenant capacity up to an attractive 75% including the anchored Outback Steak House. Fast forward to 2015 and Jakoby just sold the 1.89 acre neighborhood shopping center for $1.53 million. The 8,056 s/f property was sold to an investor and has two spaces available for lease.