Annapolis, MD, August 29, 2023 — Hyatt Commercial Real Estate, the leading commercial real estate firm in Anne Arundel County, is pleased to announce the successful closure of the sale of the property located at 151 West Street, Annapolis, MD. The sale, which concluded on August 22nd, 2023, marks another milestone in Hyatt Commercial’s legacy of excellence.
The property at 151 West Street, Annapolis, MD 21401, was sold for $9.5 million to Annapolis 151, LLC. This significant achievement underscores Hyatt Commercial’s commitment to delivering exceptional results for its clients in a dynamic real estate market.
Navigating Challenges with Expertise:
The journey to the successful sale of 151 West Street was characterized by strategic maneuvers and effective negotiations. Originally developed in 1998, the property spans approximately 36,000 square feet in the heart of Mid-Town Annapolis. Despite facing macroeconomic headwinds and market uncertainties, Hyatt Commercial showcased its prowess by attracting offers from four strong buyers within a brief 132-day listing period, followed by a 98-day contract period.
Dedicated Broker Team:
The sale of 151 West Street was masterfully executed by a team of dedicated brokers: Cecil Cummins, Justin Mullen, John Gallagher, Eric Pinkett, and Shane Denman. Their extensive market knowledge and unwavering commitment to excellence played a pivotal role in navigating the intricate challenges of the transaction.
Cecil Cummins of Hyatt Commercial expressed, “Finalizing this deal during a challenging period required exceptional dedication. Our team’s relentless effort, coupled with the collaboration of the buyers and sellers, propelled us to achieve success. I’m honored to have played a part in this accomplishment.”
Christopher Staiti of Staiti Law & Calvert Title Company added, “Cecil’s proactive approach and continuous involvement were instrumental in ensuring the smooth progression of the transaction. We eagerly anticipate future collaborations.”
Prime Location with Community Impact:
Situated in the heart of downtown Annapolis, the property’s prime location positions it as a valuable asset. Surrounded by the historic district, notable landmarks, and an array of amenities, it offers a unique prospect for investors seeking to contribute to the thriving Annapolis community.
About Hyatt Commercial:
Established in 1961, Hyatt Commercial Real Estate is the premier commercial real estate firm in Anne Arundel County. With a legacy of localized expertise and market specialization, the company excels in sales and leasing, property management, and investor services. Committed to professional excellence and personalized service, Hyatt Commercial continues to shape the local commercial real estate landscape. For more information, visit www.hyattcommercial.com.
For more news on Hyatt Commercial office sales view HYATT COMMERCIAL SUCCESSFULLY FACILITATES CLIENT’S STRATEGIC TRANSITION WITH PROPERTY SALE AND RELOCATION.