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:
- Property Type: Commercial
- Transaction Amount: $5,250,000
- Square Footage: 17,600
- Address: 350 U.S. Rte. One
- Market: Yarmouth, ME
- Buyer: North Yarmouth Academy
- Seller: 103 LLC
- Brokers: Charles Day - Porta & Company, Josh Soley - CORE
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
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