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
About this deal
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.
On the Map
$4,850,000
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Players
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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