RossoCRE is pleased to announce the purchase of 2566 Riva Road, by our clients, Annapolis Family Physical Therapy (“AFPT”).
The land property, which AFPT will develop into a new 7,000 SF +/- facility, sold for $1.1m, and was transferred by the prior owners, Bayside Pediatrics. AFPT is owned by husband and wife, Ann & Doug Wallop, based locally in Annapolis MD, with a satellite locations in Severna Park and off of Bestgate Rd. The property, located on Riva Road in the heart of Annapolis, will provide AFPT with high exposure to the local business and medical community.
Owner Ann Wallop states, “AFPT has been providing physical therapy to clients in AACo. for 24 years. We wanted to continue these services well into the future, and owning our facility is an investment that makes this long-term goal a reality. AFPT plans to expand its current Physical Therapy services to include health promotion and post rehabilitation services. The new facility will include a warm therapeutic pool as well as two studios for small group classes. John at RossoCRE was a pleasure to work with during the long process of acquiring this property and was able to negotiate effectively without being overbearing and keeps his clients up to date with all activity during the negotiation period. He is well connected and respected in the Annapolis community.”
Thanks to Liff & Walsh, LLC/ Eagle Title, LLC for providing legal and settlement services for this transaction
For more information, please call Rosso Commercial at 410-260-0903.
***
Rosso Commercial is a full service commercial real estate firm headquartered in Annapolis, MD, serving the greater Annapolis-Baltimore-Washington region. Our goal is to provide the highest level of service and professionalism in our industry and cultivate long-lasting relationships.