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NAI KLNB Brokers sale of 7130 Minstrel Way in Columbia, MD for $4.075 million

NAI KLNB has brokered the sale of 7130 Minstrel Way, a two-story 43,925 square foot commercial office building located in the Columbia section of Howard County, Maryland for $4.075 million. Christopher Kubler and Jonathan Green of NAI KLNB represented the seller, a pension fund advised by Strategic Property Advisors based in Jamul, California. The buyer was an entity controlled by Morris Weinman Company and based in Pikesville, Maryland.

 

The building, constructed in 1985, is also referred to as the Waterfiew Office Center based on its proximity to Lake Elkhorn. It is positioned near the intersection of Broken Land Parkway and Snowden River Parkway, with direct access to MD Route 29, MD Route 32 and Interstate 95. It features an on-site deli and wellness center and was recently renovated, with upgrades made to the common areas and the HVAC system.

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7130 Minstrel Way is currently 94% leased with tenants including Maximus, Allivasoft and Russell Corrosion Consultants.   

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“This stable and extremely well-positioned asset generated a significant amount of interest from the investment community, and our team fielded and evaluated multiple offers,” explained Jonathan Green of NAI KLNB. “The new owners acquired a well-maintained building at below replacement cost and complements the company’s existing portfolio of office buildings situated throughout the Maryland area.”

 

Founded in 1968, KLNB, LLC is comprised of two real estate divisions companies that include 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. The company is also a full-service provider of commercial real estate property and asset management services.

 

The company 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 County Virginia.  For additional information, visit www.klnb.com

 

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