Updated Oct 29, 2024
45 Commerce Drive In Augusta, ME Sold For $18.5M To 45 Commerce Drive LLC
45 Commerce Drive, Augusta, Maine 04330, United States
$18,500,000
$58/SF
Building Size
317,400 SF
Asset Type
Commercial
Closing
Feb 23, 2023
About this deal
AI
The commercial property located at 45 Commerce Drive in Augusta, ME has been sold in a transaction worth $18,500,000. The property spans a total area of 317,400 square feet, resulting in a price per square foot of $58. The buyer of the property is 45 Commerce Drive LLC, while the seller is Central Maine Commerce Center LP.
Summary of transaction details
- Property Type: Commercial
- Transaction Amount: $18,500,000
- Address: 45 Commerce Drive, Augusta, ME
- Market: Augusta, ME
- Buyer: 45 Commerce Drive LLC
- Seller: Central Maine Commerce Center LP
- Brokers: Chris Paszyc, Greg Boulos, and Dan Greenstein - The Boulos Co
- Square Footage: 317,400
- Price per Square Foot: $58
The deal was facilitated by the brokers Chris Paszyc, Greg Boulos, and Dan Greenstein from The Boulos Co. They represented both the buyer, 45 Commerce Drive LLC, and the seller, Central Maine Commerce Center LP, in this transaction.
On the Map
$18,500,000
$58/SF
Commercial
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Players
Augusta 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
0.86%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93