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350 Us 1, Yarmouth, Me 04096

North Yarmouth Academy Purchases Commercial Building In Yarmouth Maine For $5.25M
SOLDCommercial

North Yarmouth Academy Purchases Commercial Building In Yarmouth Maine For $5.25M

350 Us 1, Yarmouth, Me 04096

$5,250,000

$298/SF

Building Size

17,600 SF

Asset Type

Commercial

Closing

May 20, 2025

AI

A commercial building located at 350 U.S. Rte. One in Yarmouth, ME, was sold for $5,250,000. This asset spans 17,600 square feet and was acquired by North Yarmouth Academy from 103 LLC, resulting in a price per square foot of $298.

Summary of transaction details:

The transaction involved the collaboration of brokers Charles Day from Porta & Company and Josh Soley from CORE, who played significant roles in facilitating the off-market sale of the commercial property.

Players

Josh Soley

CORE

Broker

$34.5M

vol

5 deals

Broker

Yarmouth Commercial Market Snapshot

Boundary boundary · Commercial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.02%

Cash-on-Cash

-0.86%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93