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7167 Kit Kat Road, Elkridge...

Gaulin Properties Acquires Industrial Property In Elkridge, MD For $11.6M
SOLDIndustrial

Gaulin Properties Acquires Industrial Property In Elkridge, MD For $11.6M

7167 Kit Kat Road, Elkridge, Maryland 21075, United States

$11,600,000

$236/SF

Building Size

49,120 SF

Asset Type

Industrial

Closing

Jan 6, 2022

AI

An industrial property located at 7167-7175 Kit Kat Road in Elkridge, MD has been sold. The property spans 2.6 acres and has a total square footage of 49,120. The transaction took place on January 6, 2022 at a sale price of $11,600,000, resulting in a price per square foot of $236.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $11,600,000
  • Address: 7167-7175 Kit Kat Road, Elkridge, MD
  • Market: Elkridge, MD
  • Acres: 2.6
  • Square Footage: 49,120

The buyer of the property is Gaulin Properties No. 2 LLC. Representing the buyer in the transaction were Michael Blunt, Clay Ellis, Tom Gentner, Brian Watts, Brian Siegel, and Jason Sullivan from Colliers.

Players

Brian Siegel

Colliers

Broker

$46.1M

vol

6 deals

Broker

Elkridge 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

1.37%

Cash-on-Cash

-0.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93