Annapolis · Commercial sale
Faff buys 1516 Jabez Run in Millersville for $6.55 million
An office building at 1516 Jabez Run, Millersville sold for $6,550,000 on July 31, 2026. See the seller and buyer net sheets for this sale.
- Sale price
- $6,550,000
- Sold
- July 31, 2026
- Property type
- Office building
- Building area
- 12,600 sq ft
- Price per sq ft
- $520
- Year built
- 2003
An office building at 1516 Jabez Run in Millersville sold for $6,550,000 on July 31, 2026, according to the Maryland Department of Assessments and Taxation's property records. The sale price is 4.4 times the market value of $1,494,600 shown on the Assessor's records.
Millersville Jabez Investors IV LL sold the property to Faff LLC and Fernau Farms LLS. The building contains 12,600 square feet, according to the Assessor's records, making the price $520 per square foot.
The office building was constructed in 2003 and sits on a 1.31-acre lot, according to the Assessor's records.
What this sale costs to close
What does closing cost at this price? Under Anne Arundel County custom the seller's larger charges are $49,125 for the county transfer tax (Anne Arundel County) and $22,925 for the recordation tax (Anne Arundel County). The seller's estimated net is $6,398,241 before brokerage commissions and any loan payoff. A cash buyer would need about $6,717,706 at closing.
Source: Maryland Department of Assessments and Taxation, Real Property Assessments (Maryland Open Data), document 42585-0238. Property details: Anne Arundel County Assessor. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.
