Malone Commercial Brokers Facilitate $3.7M Industrial Sale In Gorham, ME
37 Bartlett Road, Gorham, Maine 04038, United States
$3,700,000
$82/SF
Building Size
44,870 SF
Asset Type
Industrial
Closing
Jun 2, 2022
AI
The industrial property located at 37 Bartlett Rd in Gorham, ME has been sold in a closed transaction. Spanning over 8.3 acres, the property offers ample space for industrial activities. The sale of this property was facilitated by Jennifer Small and Joe Malone of Malone Commercial Brokers, representing the buyer and seller.
Summary of transaction details
- Property Type: Industrial
- Sale Price: $3,700,000
- Square Footage: 44,870
- Price per Square Foot: $82
This successful deal highlights the expertise of Jennifer Small and Joe Malone from Malone Commercial Brokers. With their guidance, the buyer and seller were able to reach an agreement that resulted in the sale of the 8.3-acre industrial property. The transaction showcases the strategic abilities and negotiation skills of the brokers involved.
Players
Gorham Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93