Parkingway Management LLC Acquires Mixed Use Property On Preble St In Portland, ME For $2.18M
24 Preble Street, Portland, Maine 04101, United States
$2,175,000
$137/SF
Building Size
15,840 SF
Asset Type
Mixed-use
Closing
Mar 26, 2022
About this deal
AI
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.
Players
Portland 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
7.29%
Cash-on-Cash
-2.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93