Resolution Capitol Management Acquires Mixed-Use Property From Chester Station Joint Venture For $5.45M
2444 Solomons Island Road
$5,450,000
$175/SF
Building Size
31,000 SF
Asset Type
Mixed-use
Closing
Apr 2, 2026
AI
The property sold is a mixed-use asset located at 2444 Solomons Island Road in Annapolis, MD. The transaction occurred on April 2, 2026, with a sale price of $5,450,000. The property spans approximately 31,000 square feet and has a price per square foot of $176. It is a two-story building that is 96% leased and houses 21 tenants, including Golfdom and Basmati Indian Cuisine.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $5,450,000
- Sale Date: April 2, 2026
- Address: 2444 Solomons Island Road
- Market: Annapolis, MD
- Square Footage: 31,000
- Price per Square Foot: $176
- Buyer: Resolution Capitol Management
- Seller: Chester Station Joint Venture
- Brokers: John Gallagher - Hyatt Commercial
The broker representing the buyer, Resolution Capitol Management, was John Gallagher from Hyatt Commercial. This sale marks Hyatt Commercial's first property sale in over 50 years, facilitating the transaction for the two-story building in a competitive 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
2.91%
Cash-on-Cash
-0.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93