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Hyatt Commercial Facilitates $7 Million Sale Of Mixed-Use Building In Annapolis Maryland

Property Image
SOLD
$7,000,000

Maryland

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Mixed-use42,000 SF
Sold 12/17/2024
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Property Image
SOLD

Hyatt Commercial Facilitates $7 Million Sale Of Mixed-Use Building In Annapolis Maryland

187 Main Street & 193 Main Street

See Similar Deals
Mixed-use42,000 SF
Sold 12/17/2024
Contact now

Summary

MARYLAND
Asset Type:Mixed-use
Price Per Square Foot:$166
Total Square Footage:42,000 SF
Transaction Type:Sale

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:

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

John Gallagher
7 deals$42.3M volume(410) 260-6541
BROKER

Eddie Trujillo
Hyatt Commercial
2 deals$10M volume(443) 584-4490
BROKER

Details

SOLD
IMAGE: 12/17/2024 ADDRESS: 187-193 Main Street MARKET: Annapolis, MD ASSET TYPE: Mixed-use BROKERS: John Gallagher (@JohnG_HyattCRE) & Eddie Trujillo - Hyatt Commercial SALE PRICE: $7,000,000 SF: 21,000 ~ PPSF: $333 NOTE: Hyatt Commercial facilitated the $7 million sale of a fully leased, 21,000-square-foot mixed-use building at 187-193 Main Street in Downtown Annapolis, marking the largest transaction on Main Street.

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

$373,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$24,869.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,183.57
Annual Debt Service$398,202.85