Gaulin Properties Acquires Industrial Property In Elkridge, MD For $11.6M
SOLD
$11,600,000
+ 3
Maryland
See Similar DealsIndustrial49,120 SF
Sold 01/06/2022
SOLD
Gaulin Properties Acquires Industrial Property In Elkridge, MD For $11.6M
7167 Kit Kat Road, Elkridge, Maryland 21075, United States
See Similar DealsIndustrial49,120 SF
Sold 01/06/2022
+ 3
Summary
MARYLAND
Asset Type:Industrial
Price Per Square Foot:$236
Total Square Footage:49,120 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$618,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$41,212.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$54,989.92
Annual Debt Service$659,879.02
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