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187 Main Street

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

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:

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

Hyatt Commercial

Broker

$44.7M

vol

9 deals

Broker

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