Q2 2012 Suburban Maryland, Maryland Retail Property Sales Analysis

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Q2 2012 Suburban Maryland, Maryland Retail Property Sales Analysis


Reis reports retail sales slowed in the second quarter of 2012 with four sales for $13.3 million at $167 psf and a mean cap rate of 7.2%. The 12 month rolling cap rate was 7.3%. Thus far in 2011 there have been 11 sales totaling $160 million. The leading sale for the quarter was a June sale of a 30,243-square-foot property in Rockville for $6 million ($198 psf.) The seller was Washington Associates LLC. The buyer was JBG Rosenfeld Retail.