Maryland Warehouse Trades in 1031 Exchange

on April 13, 2020

A 30,700-square-foot warehouse and retail building in Silver Spring, Md., has traded hands in an all-cash deal involving a 1031 exchange, Commercial Observer has learned.

The property, 12006 Plum Orchard Drive, traded for $7.35 million to an out-of-town buyer, according to Edge, which represented the unidentified seller in the transaction.

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Miranda VanGilderMaryland Warehouse Trades in 1031 Exchange