Curated News
By: NewsRamp Editorial Staff
July 23, 2025
RossoCRE Sells Annapolis' West Court for $3.7M, Boosting Local Real Estate
TLDR
- RossoCRE's sale of West Court for $3.7M showcases a prime investment opportunity in Annapolis's high-demand medical and professional office market.
- RossoCRE executed a targeted marketing campaign for West Court, leading to a $3.7M sale, highlighting strategic property positioning and leasing success.
- The sale of West Court by RossoCRE enhances Annapolis's commercial landscape, supporting local businesses and medical services with prime real estate.
- Discover how RossoCRE turned an eight-year leasing assignment into a $3.7M sale, marking a milestone in Annapolis's commercial real estate scene.
Impact - Why it Matters
This news matters because it highlights the strength and appeal of Annapolis' commercial real estate market, particularly for medical and professional office spaces. The successful sale of West Court by Rosso Commercial Real Estate Services not only demonstrates the firm's capability in handling high-value transactions but also signals continued investor confidence in the region. For businesses and investors, this transaction underscores the opportunities available in well-located properties with flexible usage options, making it a relevant development for those looking to invest or expand in Anne Arundel County.
Summary
Rosso Commercial Real Estate Services has successfully sold the 4-story, 30,731-square-foot medical and professional office building known as "West Court" located at 2448 Holly Avenue in Annapolis' Town Centre district for $3.7 million. The property, offering high visibility and central location with access to major routes, attracted both investors and owner-users. Ryan Brassel and John Rosso of RossoCRE, who previously handled leasing for the property, led the sale to a 1031 exchange buyer, marking a significant transaction in Annapolis' commercial real estate market. The building's strategic location, flexible zoning, and ample parking made it a desirable asset, contributing to RossoCRE's impressive 2025 sales volume exceeding $30 million.
The sale underscores the robust demand for well-located office spaces in Annapolis, showcasing RossoCRE's expertise in navigating the commercial real estate lifecycle from leasing to sale. The property, approximately 50% leased at the time of sale, presents immediate occupancy opportunities, making it an attractive option for medical or large-format office users. This transaction not only highlights the vitality of Annapolis' commercial real estate sector but also reinforces RossoCRE's position as a leading boutique agency in the region.
Source Statement
This curated news summary relied on content disributed by citybiz. Read the original source here, RossoCRE Sells Annapolis' West Court for $3.7M, Boosting Local Real Estate
