Maryland and Washington, DC-based Arete Capital Group continue to fulfill its mission of building client wealth with the group’s latest purchase of the multi-tenant Rockville City Center shopping center.
The Arete Capital Group has built a remarkable reputation in acquiring stable, rewarding real estate assets in the Baltimore, MD and Washington DC area. After practicing its usual due diligence the group recently celebrated adding the Rockville City Center in Rockville, MD to its portfolio. The property has a number of active tenants and a Five decade history in the community.
We are quite pleased with this acquisition and the opportunities that this new property presents,” commented a spokesperson from Arete Capital Group. “We are quite sure this will be another win for our investors.
According to Arete Capital Group, the Rockville City Center is a 16,000 SF building on a 1.33 acre / 58,015 SF lot. The parking lot can hold over 100 automobiles. It is nearly 90% tenant-occupied. The local population, within a 1-mile radius is reported as 13,061 people showing the potential the shopping center holds. The neighborhood is broadly considered to be affluent.
The Rockville City Centre is located at 587-621 Hungerford Drive, Rockville, Maryland.
The Arete Capital Group focuses on retail, hotel, and industrial properties in the price range of $2 million to $20 million. Multi-tenant properties are preferred with below market-in-place rent. Its aim is properties with opportunities for advancement rather than stable assets. All while practicing due diligence and effective risk management.
In addition to property acquisition, the group are also specialists with over 15-years experience in commercial property development and improvement, along with smart asset management to the win-win benefit of the group and its investors.
For more information on Arete Group be sure to visit https://aretecapital.net