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

Property Image
SOLD
$11,500,000
Brian Watts
Michael Blunt
+ 2

Maryland

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Industrial49,000 SF
Sold 12/21/2021
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Property Image
SOLD

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

7167 Kit Kat Rd, Elkridge, MD, 21075

See Similar Deals
Industrial49,000 SF
Sold 12/21/2021
Brian Watts
Michael Blunt
+ 2
Contact now

Summary

MARYLAND
Asset Type:Industrial
Price Per Square Foot:$234
Total Square Footage:49,000 SF
Transaction Type:Sale

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
6 deals$46.1M volume
BROKER

Michael Blunt
Colliers
5 deals$69.6M volume
BROKER

Clay Ellis
Colliers
5 deals$69.6M volume
BROKER

Brian Watts
Colliers
4 deals$46.1M volume
BROKER

Jason Sullivan
Colliers
5 deals$51.4M volume
BROKER

Details

SOLD
IMAGE: 7167 Kit Kat Rd, Elkridge, MD, 21075 MARKET: Elkridge SELLER'S REP: Brian Siegel , Brian Watts , Clay Ellis , Jason Sullivan -Colliers International BROKERS: Michael Blunt -Colliers International BUYER: Gaulin Properties PRICE: $11,500,000.00 SF: 49000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$613,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$40,857.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$54,515.87
Annual Debt Service$654,190.40