Carrollton Pullman, LLC Acquires Office Building At 180 Main Street In Annapolis For $3.025M
180 Main Street
$3,025,000
$407/SF
Building Size
7,416 SF
Asset Type
Office
Closing
Jun 18, 2025
AI
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
Annapolis Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.24%
Cash-on-Cash
-1.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93