Updated Oct 29, 2024
Gaulin Properties Acquires Property At 7167 Kit Kat Rd In Elkridge For $11.5M
7167 Kit Kat Rd, Elkridge, MD, 21075
$11,500,000
$234/SF
Building Size
49,000 SF
Asset Type
Industrial
Closing
Dec 21, 2021
About this deal
AI
The property involved in this transaction is located at 7167 Kit Kat Rd, Elkridge, MD, 21075. The sale price was $11,500,000.00 for a total square footage of 49,000 square feet, situated within the Elkridge market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $11,500,000.00
- Address: 7167 Kit Kat Rd, Elkridge, MD, 21075
- Market: Elkridge
- Seller's Representatives: Brian Siegel, Brian Watts, Clay Ellis, Jason Sullivan - Colliers International
- Brokers: Michael Blunt - Colliers International
- Buyer: Gaulin Properties
- Square Footage: 49,000
The transaction involved multiple key representatives from Colliers International who represented the seller in this deal. The brokers provided their services in facilitating the sale to the buyer, Gaulin Properties, contributing to the successful completion of the property transaction.
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
1.38%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93