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Lewiston Holdings Acquires Industrial Property At 765 Webster Street For $6.1M

Property Image
SOLD
$6,100,000
Lenny Pierce
Noah Stebbins

Maine

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Industrial93,500 SF
Sold 07/05/2024
the dealplayerscompscontact
Property Image
SOLD

Lewiston Holdings Acquires Industrial Property At 765 Webster Street For $6.1M

765 Webster Street

See Similar Deals
Industrial93,500 SF
Sold 07/05/2024
Lenny Pierce
Noah Stebbins
the dealplayerscompscontact
Contact now

Summary

MAINE
Asset Type:Industrial
Price Per Square Foot:$65
Total Square Footage:93,500 SF
Transaction Type:Sale

The industrial property located at 765 Webster Street in Lewiston, ME, spanning 8.3 acres, was successfully sold for $6.1 million. The transaction involved the sale of a 93,500 sq. ft. industrial asset, with a price per square foot of $65. The buyer, Lewiston Holdings 765 Webster, LLC, acquired the property from the seller, Polymer Laboratories and Solutions, LLC.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $6,100,000
  • Address: 765 Webster Street
  • Market: Lewiston, ME
  • SF: 93,500
  • PPSF: $65
  • Buyer: Lewiston Holdings 765 Webster, LLC
  • Seller: Polymer Laboratories and Solutions, LLC
  • Buyer's Rep: Noah Stebbins - The Boulos Company
  • Seller's Rep: Lenny Pierce - JLL

The sale was facilitated with Noah Stebbins from The Boulos Company representing the buyer, Lewiston Holdings 765 Webster, LLC. On the seller's side, Lenny Pierce from JLL acted as the representative for Polymer Laboratories and Solutions, LLC.

Players

Lenny Pierce
JLL
Lenny Pierce
11 deals$141.1M volume
BROKER
Noah Stebbins
The Boulos Company
Noah Stebbins
3 deals$7.9M volume(207) 553-1727
BROKER

Details

SOLD
IMAGE: 07/05/2024 ADDRESS: 765 Webster Street MARKET: Lewiston, ME ASSET TYPE: Industrial ~ ACRES: 8.3 BUYER: Lewiston Holdings 765 Webster, LLC SELLER: Polymer Laboratories and Solutions, LLC BUYER'S REP: Noah Stebbins - The Boulos Company SELLER'S REP: Lenny Pierce - JLL SALE PRICE: $6,100,000 SF: 93,500 ~ PPSF: $65 NOTE: Polymer Laboratories and Solutions sold a 93,500 sq. ft. industrial property at 765 Webster St. for $6.1M to Lewiston Holdings 765 Webster.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$21,672.03
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