Billy Bergeron Acquires Mixed-Use Property In Auburn, ME For $4.5M
SOLD
$4,500,000
Maine
See Similar DealsMixed-use12,619 SF
Sold 05/26/2022
SOLD
Billy Bergeron Acquires Mixed-Use Property In Auburn, ME For $4.5M
774 Center Street, Auburn, Maine 04210, United States
See Similar DealsMixed-use12,619 SF
Sold 05/26/2022
Summary
MAINE
Asset Type:Mixed-use
Price Per Square Foot:$356
Total Square Footage:12,619 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$240,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55
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