FO Bailey Real Estate Brokers Facilitate $6.5M Sale Of Mixed Use Property In Camden, ME
30 Mechanic Street, Camden, Maine 04843, United States
$6,500,000
$110/SF
Building Size
58,850 SF
Asset Type
Mixed-use
Closing
Sep 29, 2022
About this deal
AI
Located at 30 Mechanic Street in Camden, ME, this mixed-use property has recently been sold in a closed transaction. The sale was facilitated by brokers Thomas Gadbois and David Jones from FO Bailey Real Estate. The property spans 58,850 square feet and sits on a 5.3-acre land parcel. It features a total of 35 units and includes various parking lots and a cell phone tower. The transaction was completed on September 30, 2022, with a sale price of $6,500,000, resulting in a price per square foot of $110.
Summary of Transaction Details
- Property Type: Mixed Use
- Transaction Amount: $6,500,000
- Address: 30 Mechanic Street, Camden, ME
- Market: Camden, ME
- Size: 58,850 square feet
- Price per Square Foot: $110
The deal involved the buyer and seller, with Thomas Gadbois and David Jones representing their respective parties in the transaction. The sale of this mixed-use property on Mechanic Street showcases the expertise and negotiation skills of the brokers from FO Bailey Real Estate.
Camden 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
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93