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Colliers International Sells Mixed-Use Building In Bangor For $1.575M

Property Image
SOLD
$1,575,000
Blake Wright
Mike Cobb
Elly Chapman

Maine

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Mixed-use6,528 SF
Sold 07/05/2024
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Property Image
SOLD

Colliers International Sells Mixed-Use Building In Bangor For $1.575M

128 Hammond Street

See Similar Deals
Mixed-use6,528 SF
Sold 07/05/2024
Blake Wright
Mike Cobb
Elly Chapman
the dealplayerscompscontact
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Summary

MAINE
Asset Type:Mixed-use
Price Per Square Foot:$241
Total Square Footage:6,528 SF
Transaction Type:Sale

A mixed-use building located at 128 Hammond Street in Bangor, ME, was recently sold for $1,575,000. The property spans 6,528 square feet and was fully occupied at the time of the transaction.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $1,575,000
  • Address: 128 Hammond Street
  • Market: Bangor, ME
  • Square Footage: 6,528
  • Price per Square Foot: $241
  • Buyer: JJ Providence RE Investment LLC
  • Seller: NMS Hammond LLC
  • Buyer's Rep: Elly Chapman - NextHome Experience
  • Seller's Rep: Blake Wright & Mike Cobb - Colliers International

Colliers brokered the deal, representing the seller, NMS Hammond LLC, in the sale of the mixed-use building. NextHome Experience acted as the buyer's representative, facilitating the transaction for JJ Providence RE Investment LLC.

Players

Blake Wright
Colliers
Blake Wright
1 deal$1.6M volume(207) 598-5050
BROKER
Mike Cobb
Colliers
Mike Cobb
1 deal$1.6M volume(207) 712-9318
BROKER
Elly Chapman
NextHome
Elly Chapman
1 deal$1.6M volume(207) 573-7400
BROKER

Details

SOLD
IMAGE: 07/05/2024 ADDRESS: 128 Hammond Street MARKET: Bangor, ME ASSET TYPE: Mixed-use BUYER'S REP: JJ Providence RE Investment LLC SELLER: NMS Hammond LLC BUYER'S REP: Elly Chapman - NextHome Experience SELLER'S REP: Blake Wright & Mike Cobb - Colliers International SALE PRICE: $1,575,000 SF: 6,528 ~ PPSF: $241 NOTE: Colliers brokered the $1.575M sale of a fully occupied, 6,528 sq. ft. mixed-use building at 128 Hammond St., with representation from NextHome Experience for the buyer and Colliers for the seller.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,595.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,466.30
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