Parkingway Management LLC Acquires Mixed Use Property On Preble St In Portland, ME For $2.18M
SOLD
$2,175,000
Maine
See Similar DealsMixed-use15,840 SF
Sold 03/27/2022
SOLD
Parkingway Management LLC Acquires Mixed Use Property On Preble St In Portland, ME For $2.18M
24 Preble Street, Portland, Maine 04101, United States
See Similar DealsMixed-use15,840 SF
Sold 03/27/2022
Summary
MAINE
Asset Type:Mixed-use
Price Per Square Foot:$137
Total Square Footage:15,840 SF
Transaction Type:Sale
The mixed-use property located at 24 Preble St in Portland, ME has been sold. The transaction took place on 03/27/2022.
Summary of transation details
- Property Type: Mixed use
- Transaction Amount: $2,175,000
- Address: 24 Preble St
- Market: Portland, ME
- Square Footage: 15,840
- Price per Square Foot: $137
The buyer of the property is Parkingway Management LLC, while the seller is 24 Preble Street Properties LLC. The deal was facilitated by two brokers: Michael Anderson from Malone Commercial Brokers and Jed Rathband from Keller Williams Realty.
Note: No additional information was provided regarding the property or individuals involved in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$115,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,727.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,310.61
Annual Debt Service$123,727.32
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