Updated Oct 28, 2024
56 Properties Acquires 17-Property Multifamily Portfolio In Sanford, ME For $4M
Sanford, Maine, United States
$4,000,000
Units
49
Asset Type
MultiFamily
Closing
May 31, 2022
About this deal
AI
A 17-property multifamily portfolio in Sanford, ME has been sold for $4,000,000. The portfolio consists of 49 units with a price per unit of $81,633. The transaction took place on 06/01/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,000,000
- Market: Sanford, ME
The buyer of the portfolio is 56 Properties. Representing the buyer in this transaction was Greg Perry from Compass Commercial Brokers. The seller's representatives were Chris Gallagher and Joe Italiaander from The Boulos Company.
The multifamily sale at Sanford, Maine, United States in Sanford, Maine sold for $4M in 2022. Reported inventory is 49 units across 49 units. Greg Perry, Joseph (Joe) Italiaander, Chris Gallagher, The Boulos Company appear on the sale alongside The Boulos Company, Compass. This page is the Sanford, Maine file for the Sanford, Maine, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Sanford sit in the Market section below. Filter that Sanford multifamily set by closing date to see what else sold near Sanford, Maine, United States around 2022. Published consideration for Sanford, Maine, United States is $4M, dated 2022. Cite this 56 Properties Acquires 17-Property Multifamily Portfolio In Sanford, ME For $4M sale when underwriting similar multifamily product around Sanford, Maine.
Players
Sanford MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93