Gibson’s LLC Purchases Mixed-Use Property At 412-418 Sixth Street For $2.2M In Annapolis
412 6th Street & 418 Sixth Street
$2,200,000
$177/SF
Building Size
12,390 SF
Asset Type
Mixed-use
Closing
Nov 26, 2025
AI
The property involved in the transaction is a mixed-use asset located at 412 6th Street & 418 Sixth Street in Annapolis, MD. The property consists of retail space along with two residential units, and it sold for $2,200,000. The total square footage of the property is 6,195, resulting in a price per square foot of $355.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,200,000
- Address: 412 6th Street & 418 Sixth Street
- Market: Annapolis, MD
- Square Footage: 6,195
- Price Per Square Foot: $355
- Buyer: Gibson’s LLC
- Brokers: Eric Pinkett, Cecil Cummins & William Steffey - Hyatt Commercial
- Sale Date: 11/26/2025
Hyatt Commercial facilitated the transaction, closing the deal in under 30 days. The brokerage team comprised Eric Pinkett, Cecil Cummins, and William Steffey, who represented the buyer, Gibson’s LLC, in the successful acquisition of the property.
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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93