Colby College Acquires Land In St. George, Maine For $2M
Saint George, Maine, United States
$2,000,000
Building Size
—
Asset Type
—
Closing
Feb 3, 2022
About this deal
AI
Colby College has acquired two islands in St. George, Maine, namely Allen Island and Benner Island. The transaction, which took place on February 4, 2022, involved the purchase of land on the islands.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $2,000,000
- Buyer: Colby College
- Market: St. George, Maine
Detailed information about the deal's key individuals and companies is not available.
The commercial sale at Saint George, Maine, United States in Saint George, Maine sold for $2M in 2022. This page is the Saint George, Maine file for the Saint George, Maine, United States commercial sold: pricing, party profiles, and other closed commercial comps from the same Saint George sit in the Market section below. Filter that Saint George commercial set by closing date to see what else sold near Saint George, Maine, United States around 2022. Published consideration for Saint George, Maine, United States is $2M, dated 2022. Cite this Colby College Acquires Land In St. George, Maine For $2M sale when underwriting similar commercial product around Saint George, Maine.
Players
Saint George CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93