facebook

traded

+ Submit
Home

/

Deals

/

Maryland

/

Mixed Use

/

Sale

/

2444 Solomons Island Road

Resolution Capitol Management Acquires Mixed-Use Property From Chester Station Joint Venture For $5.45M
SOLDMixed-use

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

John Gallagher

Hyatt Commercial

Broker

$42.3M

vol

7 deals

Broker
 Resolution Capitol Management
Resolution Capitol ManagementBuyer

Annapolis Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

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