J.B. Brown & Sons Acquires Office Property In Portland, ME For $8.7M

Located in Portland, ME, the office property at 1 & 13 Davis Farm Rd has recently been sold. The transaction took place on 03/11/2022, with a sale price of $8,685,000. Spanning an area of 135,000 square feet, the property was sold at an average price of $64 per square foot. The buyer of the property was J.B. Brown & Sons, while the seller was Davison Trusts. The deal was facilitated by the brokers Drew Sigfridson SIOR, Tony McDonald CCIM SIOR, and Jon Rizzo, all representing The Boulos Company.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $8,685,000
• Address: 1 & 13 Davis Farm Rd, Portland, ME
• Market: Portland, ME

The sale of 1 & 13 Davis Farm Rd was made possible through the expertise of Drew Sigfridson SIOR, Tony McDonald CCIM SIOR, and Jon Rizzo, all of whom represented The Boulos Company. J.B. Brown & Sons acquired the property from Davison Trusts in this transaction. The office property presents a valuable investment opportunity in the Portland market.