Dr. Vaibhav Patel Of Patient Care Pharmacy Acquires Office At 2045 West Street For $4.8M
2045 West Street
$4,800,000
Building Size
—
Asset Type
Office
Closing
May 15, 2025
About this deal
AI
The property asset involved in the transaction is an office located at 2045 West Street, Annapolis, MD. The sale price for the property was $4,800,000. This property represents the second of four parcels in the Knighton at Annapolis Towne Centre portfolio.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $4,800,000
- Buyer: Dr. Vaibhav Patel
- Seller: Golden Gateway Enterprises
- Buyer’s Business: Patient Care Pharmacy
- Brokers: John Sindler & Justin Mullen - Hyatt Commercial
The transaction was facilitated by brokers John Sindler and Justin Mullen from Hyatt Commercial. Dr. Vaibhav Patel will continue business operations at the site and is also considering leasing options for other buildings in the overall property.
On the Map
$4,800,000
Office
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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
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93