Updated May 12, 2025
HRH Holdings Acquires Industrial Property At 10 Old Solomons Island Road For $2.65M
10 Old Solomons Island Road
$2,650,000
Building Size
—
Asset Type
Industrial
Closing
Apr 30, 2025
About this deal
AI
The industrial property located at 10 Old Solomons Island Road in Annapolis, MD, has been sold for a total amount of $2,650,000. This asset consists of 11,774 rentable square feet and is currently leased to Herc Rentals.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,650,000
- Address: 10 Old Solomons Island Road
- Market: Annapolis, MD
- Leased to: Herc Rentals
- Brokerage Firm: Hyatt Commercial
- Brokers Involved: John Sindler, Cecil Cummins & Justin Mullen
- Parcel: First of four parcels in the Knighton portfolio
HRH Holdings is the purchaser of the property, facilitating this transaction through the brokerage services of Hyatt Commercial, which played a key role in negotiating the deal on behalf of the buyer.
Players
Annapolis Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.99%
Cash-on-Cash
-1.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93