F.O. Bailey Real Estate Brokers $1.2M Sale Of Mixed-Use Property On Congress St In Portland, ME
743 Congress Street, Portland, Maine 04102, United States
$1,200,000
$164/SF
Building Size
7,305 SF
Asset Type
Mixed-use
Closing
Jun 16, 2022
About this deal
AI
The mixed-use property located at 743 Congress St in Portland, ME has been sold for a total price of $1,200,000. The property spans a total area of 7,305 square feet, resulting in a price per square foot of $164. The sale took place on June 17, 2022, and was facilitated by broker Thomas Gadbois of F.O. Bailey Real Estate.
Summary of transaction details
- Property Type: Mixed Use
- Transaction Amount: $1,200,000
- Address: 743 Congress St, Portland, ME
- Market: Portland, ME
- Size: 7,305 square feet
- Price per Square Foot: $164
Thomas Gadbois, representing F.O. Bailey Real Estate, played a crucial role in the sale of this mixed-use property. His expertise and guidance helped facilitate the transaction, ensuring a successful outcome for both the buyer and seller.
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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93