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10 Old Solomons Island Road

HRH Holdings Acquires Industrial Property At 10 Old Solomons Island Road For $2.65M
SOLDIndustrial

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

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:

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

Cecil Cummins

Hyatt Commercial

Broker

$51.4M

vol

8 deals

Broker
Hyatt Commercial
Hyatt CommercialSeller

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