SRS Real Estate Partners has completed the $10.825 million sale of the inline shops at Waldorf Park, located at 3716 Crain Highway in Waldorf.
The 22,425-square-foot property sits on 2.03 acres and is 93% occupied by 12 tenants, including Comprehensive Primary Care, Club Pilates and Naz’s Halal Food. The sale marks the final piece of a structured three-asset monetization strategy that achieved an aggregate valuation of approximately $20 million for the entire retail center.
SRS Capital Markets Executive Vice President & Managing Principal Andrew Fallon and First Vice President Philip Wellde Jr. represented the seller, Republic Land Development. The buyer, a Maryland-based private investor, was represented by Matthew Antonis of Friend Commercial Real Estate.
“This transaction completes the third and final disposition in a structured three-asset monetization strategy for Waldorf Park, led by the SRS team on behalf of the seller,” said Wellde. “The breakup and individual asset sale strategy allowed us to maximize proceeds and successfully execute on a total project disposition over the course of a 24-month period,” added Fallon.
Waldorf Park is strategically positioned at the signalized intersection of U.S. Route 301 (Crain Highway) and Smallwood Drive. It is located one-half mile from Kaiser Permanente’s new $100 million medical facility and adjacent to St. Charles Towne Center, which features 1.1 million square feet of retail space anchored by Dick’s Sporting Goods and will soon include a state-of-the-art sports and wellness complex.
Waldorf, a fast-growing suburb in Charles County, is 25 miles south of Washington, D.C. The area has seen population growth of 10.61% since 2020, making it one of the fastest-developing D.C. hubs. SRS has completed multiple transactions in the region, including the sale of a BJ’s Wholesale Club and is currently under contract on a new McDonald’s ground lease in the Shops at Fairway Village, a 35-acre mixed-use site anchored by a Weis grocery store.
The sale reflects continued investor interest in well-located retail properties in Southern Maryland, where population growth, medical expansion and retail development are driving demand.
