Pizzagalli Properties Sells Office Building In Portland, ME For $11.8M

A commercial office property located at 5 Davis Farm Road in Portland, ME, was recently sold for a total transaction amount of $11,800,000. The property spans over 80,683 square feet and was sold at a price of $146 per square foot. Situated on 18 acres of land, the property was valued at approximately $655,556 per acre.

Summary of transation details

• Property Type: Office
• Transaction Amount: $11,800,000
• Address: 5 Davis Farm Road, Portland, ME
• Square Footage: 80,683
• Sale Price per Square Foot: $146
• Acreage: 18
• Price per Acre: $655,556

The seller of the property was Pizzagalli Properties, while the buyer was represented by Josh Soley from Maine Realty Advisors. On the other hand, Chris Adams and Jim Gibson, both from Stan Johnson Co., acted as the seller's representatives in this transaction.

This successful deal not only highlights the value and potential of commercial real estate in Portland, ME but also demonstrates the expertise and professionalism of the individuals involved. Congratulations to all the parties for their involvement in this transaction!