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45 Commerce Drive, Augusta,...

45 Commerce Drive In Augusta, ME Sold For $18.5M To 45 Commerce Drive LLC
SOLDCommercial

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

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.

Players

Greg Boulos

The Boulos Company

Broker

$22M

vol

3 deals

Broker

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