Annapolis Office Building Sells For $6M To Investment Group

ANNAPOLIS, MD — An investment group closed on a multimillion-dollar deal for an Annapolis office building near the Timber Creek community this month.

Hyatt Commercial said in a release that a group led by Dark Horse Development scooped up Building 1000 at 2661 Riva Road for $6 million. The deal closed Oct. 1.

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The property offers more than 51,000 square feet of space and serves as the anchor building for the Riva 400 Office Park site.

"The property generated significant interest from owner-occupant buyers," Cecil Cummins, executive vice president of Hyatt Commercial, said in a statement.

"Ultimately, we were able to align a strong investment group with a lead tenant, creating a successful transaction that delivered value to the seller, buyer, and tenant-investor alike."

The sale marks Hyatt Commercial's third such sale in the past two years.

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