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HRH Holdings Acquires Industrial Property At 10 Old Solomons Island Road For $2.65M
SOLD
$2,650,000
Maryland
See Similar DealsIndustrial
Sold 04/30/2025
SOLD
HRH Holdings Acquires Industrial Property At 10 Old Solomons Island Road For $2.65M
10 Old Solomons Island Road
See Similar DealsIndustrial
Sold 04/30/2025
Summary
MARYLAND
Asset Type:Industrial
Transaction Type:Sale
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
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$141,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,414.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,562.35
Annual Debt Service$150,748.22
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