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30 Mechanic Street, Camden,...

Updated Dec 21, 2023

FO Bailey Real Estate Brokers Facilitate $6.5M Sale Of Mixed Use Property In Camden, ME
SOLDMixed-use

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.

Players

Thomas Gadbois

Folio Real Estate and Property Management

Broker

$52.9M

vol

9 deals

Broker

Camden Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Deal FAQ

About $110 per square foot on a published $6.5M for 58,850 square feet (2022).

Visit Thomas Gadbois to view all their deals.

Browse Maine mixed use sales on Traded.

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

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