Billy Bergeron Acquires Mixed-Use Property In Auburn, ME For $4.5M
774 Center Street, Auburn, Maine 04210, United States
$4,500,000
$356/SF
Building Size
12,619 SF
Asset Type
Mixed-use
Closing
May 25, 2022
About this deal
AI
Located at 774 Center St in Auburn, ME, this mixed-use property spans over 6.54 acres. The transaction took place on May 26, 2022, with a sale price of $4,500,000. The property offers a total square footage of 12,619, resulting in a price per square foot of $357.
Summary of transaction details
- Property Type: Mixed Use
- Transaction Amount: $4,500,000
- Address: 774 Center St, Auburn, ME
- Market: Auburn, ME
- Acres: 6.54
Involved in the sale are Quiz Kids, LLC and Malibu Rentals, LLC as sellers. Representing the buyer is Billy Bergeron from Fontaine Family The Real Estate Leader, while Chris Paszyc from The Boulos Company represents the sellers.
On the Map
$4,500,000
$356/SF
Mixed-use
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Players
Auburn 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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93