56 Properties Acquires 17-Property Multifamily Portfolio In Sanford, ME For $4M
Sanford, Maine, United States
$4,000,000
Building Size
—
Asset Type
MultiFamily
Closing
May 31, 2022
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.
Players
Sanford MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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