facebook

traded

+ Submit
Home

/

Deals

/

Maine

/

All

/

Sale

/

231 Western Promenade, Port...

Joe Malone, Mark Malone, And Jennifer Small Acquire Package Deal In Portland, ME For $4.85M
SOLD

Joe Malone, Mark Malone, And Jennifer Small Acquire Package Deal In Portland, ME For $4.85M

231 Western Promenade, Portland, Maine 04102, United States

$4,850,000

Building Size

Asset Type

Closing

May 5, 2022

AI

Located at 231-227 Western Promenade and 94-98 Chadwick St in Portland, ME, this package deal transaction was completed on 05/06/2022. The property involved in the deal consists of multiple assets.

Summary of transation details

  • Property Type: Package Deal
  • Transaction Amount: $4,850,000
  • Market: Portland, ME

The deal was facilitated by Joe Malone, Jennifer Small, and Mark Malone from Malone Commercial Brokers. (Note: Joe Malone and Mark Malone have the same last name, but they are different individuals.)

With a transaction amount of $4,850,000, this package deal represents a significant investment in the Portland, ME market. Joe Malone, Jennifer Small, and Mark Malone, of Malone Commercial Brokers, played crucial roles in assisting the buyer and seller in finalizing this successful transaction.

Players

Mark Malone

Malone Commercial Brokers

Broker

$28.6M

vol

4 deals

Broker

Portland CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.27%

Cash-on-Cash

-0.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93