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
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