Colliers International Sells Mixed-Use Building In Bangor For $1.575M
128 Hammond Street
$1,575,000
$241/SF
Building Size
6,528 SF
Asset Type
Mixed-use
Closing
Jul 5, 2024
AI
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
Bangor Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.07%
Cash-on-Cash
-2.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93