Greysteel, a national commercial real estate investment services firm, has been named exclusive advisor and agent by Whetstone Company for the sale of Queen Anne Park, a multifamily property located in Lexington, MD.

Greysteel Co-Founder, Ari Firoozabadi; Senior Director, W. Kyle Tangney; Director, Rawles M. Wilcox; and Investment Associates, Alicia Orkisz and Herbert Schwat; of the Company’s Washington, D.C. office, are marketing the property.

Queen Anne Park, built in 1970, is a garden-style multifamily community composed of seven buildings and 102 units. Property amenities include a clubhouse, fitness center, swimming pool, playground, on-site management, and picnic areas.

The multifamily property, located at 21691 Eric Road, is conveniently situated in the historic and picturesque city of Lexington Park and in close proximity to the Naval Air Station Patuxent River, the largest employer in the county. Residents of Queen Anne Park are within walking distance of numerous retailers including Saint Mary’s Square Shopping Center, housing a Food Lion, World Gym, and other local and national brands. Less than 10 minutes from the property are larger shopping destinations such as Walmart, First Colony Center, and the Wildewood Shopping Center.

“With upgraded units in the area averaging 23% higher rents, Queen Anne is ideally positioned for value-add renovations,” said Ms. Orkisz. “The property also benefits from over 10 years of continuous ownership, enabling developers to efficiently finance a comprehensive rehabilitation under the Section 42 Low Income Housing Tax Credit program,” she added.

About Greysteel:

Greysteel is a commercial real estate and capital markets services firm with seven offices located in Los Angeles, CA; Washington, D.C.; Baltimore, MD; Philadelphia, PA; Dallas, TX; and Fort Worth, TX. Greysteel serves and advises private and institutional real estate investors and developers in the marketing, sale, and financing of private capital and middle-market real estate assets.www.greysteel.com