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North Yarmouth Academy Purchases Commercial Building In Yarmouth Maine For $5.25M
SOLD
$5,250,000
Maine
See Similar DealsCommercial17,600 SF
Sold 05/20/2025
SOLD
North Yarmouth Academy Purchases Commercial Building In Yarmouth Maine For $5.25M
350 Us 1, Yarmouth, Me 04096
See Similar DealsCommercial17,600 SF
Sold 05/20/2025
Summary
MAINE
Asset Type:Commercial
Price Per Square Foot:$298
Total Square Footage:17,600 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$280,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,652.13
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,887.68
Annual Debt Service$298,652.14
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