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

Property Image
SOLD
$5,450,000

Maryland

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Mixed-use31,000 SF
Sold 04/02/2026
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Property Image
SOLD

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

2444 Solomons Island Road

See Similar Deals
Mixed-use31,000 SF
Sold 04/02/2026
the dealplayerscompscontact
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Summary

MARYLAND
Asset Type:Mixed-use
Price Per Square Foot:$175
Total Square Footage:31,000 SF
Transaction Type:Sale

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
John Gallagher
7 deals$42.3M volume(410) 260-6541
BROKER
Resolution Capitol Management
Resolution Capitol Management
BUYER
CV
Chester Station Joint Venture
SELLER

Details

SOLD
IMAGE: 04/02/2026 ADDRESS: 2444 Solomons Island Road MARKET: Annapolis, MD ASSET TYPE: Mixed-use BUYER: Resolution Capitol Management SELLER: Chester Station Joint Venture BROKERS: John Gallagher - Hyatt Commercial SALE PRICE: $5,450,000 SF: 31,000 ~ PPSF: $176 NOTE: Hyatt Commercial sold the ±31,000-square-foot Woodbridge Center in Annapolis for $5.45M, its first sale in over 50 years, with the two-story, 96%-leased property housing 21 tenants including Golfdom and Basmati Indian Cuisine.

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

$290,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$19,362.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,835.78
Annual Debt Service$310,029.37