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
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