Hyatt Commercial Facilitates $7 Million Sale Of Mixed-Use Building In Annapolis Maryland
187 Main Street & 193 Main Street
$7,000,000
$166/SF
Building Size
42,000 SF
Asset Type
Mixed-use
Closing
Dec 17, 2024
AI
A mixed-use building located at 187-193 Main Street in Annapolis, MD, was sold for $7,000,000. The property encompasses 21,000 square feet and is fully leased, representing a price per square foot of $333. This transaction is noted as the largest on Main Street.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $7,000,000
- Square Footage: 21,000
- Price per Square Foot: $333
- Address: 187-193 Main Street
- Market: Annapolis, MD
- Brokers: John Gallagher & Eddie Trujillo - Hyatt Commercial
Hyatt Commercial facilitated the transaction, playing a significant role in the successful sale of the property. This deal reflects the capabilities of the brokerage in managing high-value transactions within the local market.
Players
Annapolis Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93