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Carrollton Pullman, LLC Acquires Office Building At 180 Main Street In Annapolis For $3.025M

Property Image
SOLD
$3,025,000

Maryland

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Office7,416 SF
Sold 06/18/2025
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Property Image
SOLD

Carrollton Pullman, LLC Acquires Office Building At 180 Main Street In Annapolis For $3.025M

180 Main Street

See Similar Deals
Office7,416 SF
Sold 06/18/2025
Contact now

Summary

MARYLAND
Asset Type:Office
Price Per Square Foot:$407
Total Square Footage:7,416 SF
Transaction Type:Sale

The property involved in this transaction is an office asset located at 180 Main Street, Annapolis, MD. It has a sale price of $3,025,000 and encompasses a total area of 7,416 square feet, which translates to a price per square foot of $408.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $3,025,000
  • Buyer: Carrollton Pullman, LLC
  • Seller: Annapolis Business Park, LLC
  • Brokers: David McClatchy & Morgan Wimbrow - MacKenzie Commercial Real Estate Services
  • Square Footage: 7,416
  • Price per Square Foot: $408
  • Market: Annapolis, MD

MacKenzie Commercial Real Estate facilitated the sale of 180 Main Street to Carrollton Pullman, which intends to occupy the property and establish a satellite office. The building is currently 74% leased and features a mix of retail, office, and residential units, making it attractive to high-income tenants due to its prime downtown location.

Players

David McClatchy
2 deals$6.3M volume
BROKER

Morgan Wimbrow
MacKenzie Commercial Real Estate Services
3 deals$4.7M volume(410) 494-4846
BROKER

MacKenzie Commercial Real Estate Services
BROKERAGE

Details

SOLD
IMAGE: 06/18/2025 ADDRESS: 180 Main Street MARKET: Annapolis, MD ASSET TYPE: Office BUYER: Carrollton Pullman, LLC SELLER: Annapolis Business Park, LLC BROKERS: David McClatchy & Morgan Wimbrow - MacKenzie Commercial Real Estate Services SALE PRICE: $3,025,000 SF: 7,416 ~ PPSF: $408 NOTE: MacKenzie Commercial Real Estate sold 180 Main Street in Annapolis for $3.025M to Carrollton Pullman, which plans to occupy the space and open a satellite office. The 74% leased, three-story building is fully occupied now, featuring retail, office, and residential units, with its prime downtown location attracting high-income tenants.

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

$161,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,747.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,340.04
Annual Debt Service$172,080.52