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7167 Kit Kat Rd, Elkridge, ...

Gaulin Properties Acquires Property At 7167 Kit Kat Rd In Elkridge For $11.5M
SOLDIndustrial

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

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:

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

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

1.38%

Cash-on-Cash

-0.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93