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65 Old Solomons Island Road

Trish Farrell & Trish Farrell Of MacKenzie Commercial Represent Buyer In Annapolis Office Sale For $4.55M
SOLDOffice

Trish Farrell & Trish Farrell Of MacKenzie Commercial Represent Buyer In Annapolis Office Sale For $4.55M

65 Old Solomons Island Road

$4,550,000

$267/SF

Building Size

17,000 SF

Asset Type

Office

Closing

Mar 3, 2026

AI

65 Old Solomons Island Road is an office and retail building located in Annapolis, MD. The property consists of approximately 17,000 square feet and includes six tenants. It was sold for $4.55 million, amounting to a price per square foot of $268.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $4,550,000
  • Address: 65 Old Solomons Island Road
  • Market: Annapolis, MD
  • Square Footage: 17,000
  • Price per Square Foot: $268
  • Buyer's Representative: Trish Farrell & Trish Farrell - MacKenzie Commercial Real Estate Services
  • Seller's Representative: John Gallagher - Hyatt Commercial

The transaction involved Trish Farrell and Trish Farrell acting as the buyer's representatives, while John Gallagher represented the seller. The buyer intends to occupy part of the property, which is currently leased to six different tenants.

Players

John Gallagher

Hyatt Commercial

Broker

$44.7M

vol

9 deals

Broker

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

3.49%

Cash-on-Cash

-1.00%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93