Hyatt Commercial brokered the sale of a ± 2,332 square foot drive-thru quick service restaurant (QSR) located at 153 Defense Highway in Annapolis, Maryland. The well-positioned property, zoned C4, sits next to Home Depot and directly across from the bustling Gateway Village Shopping Center, home to popular retailers such as Dick’s Sporting Goods, Best Buy, Safeway, PetSmart, and Orange Theory Fitness.
The property sold for $2,500,000, equating to $1,072 per square foot. John Gallagher and Eddie Trujillo from Hyatt Commercial represented the Seller, while Bryan Herr of MacKenize Commercial represented the Buyer.
“This transaction highlights the continued appetite for well-located and favorably zoned property in Anne Arundel County. Our highly targeted marketing process generated over a dozen offers, ultimately landing north of $1,000 per square foot—a clear indication of the market’s strength”, said Gallagher.
Trujillo added, “Annapolis has long been a high barrier-to-entry market. The second-generation infrastructure, combined with an existing drive-thru, made this an attractive opportunity for buyers.”
For media inquiries, please contact Gabrielle Titow, Director of Resources and Development, at 410-260-6530 or gtitow@hyattcommercial.com
About Hyatt Commercial
Hyatt Commercial, headquartered in Annapolis, Maryland, is a leader in the industry representing local, regional, and national clients in the area. With over 61 years of experience, Hyatt Commercial offers comprehensive real estate services through its subsidiary companies, including property management, commercial construction, brokerage, and land development management residential services. Committed to excellence and driven by a passion for real estate, Hyatt Commercial continues to be a trusted partner in shaping the region’s real estate landscape. Visit hyattcommercial.com for more information and join us on Facebook, Instagram, X, or LinkedIn.
