MSP Professionals 170 US-1 LLC Acquires Office In Falmouth, ME For $2.15M
170 US Route 1, Falmouth, ME 04105
$2,150,000
$97/SF
Building Size
22,000 SF
Asset Type
Office
Closing
Aug 9, 2022
About this deal
AI
Located at 170 US-1 in Falmouth, ME, this office property recently changed hands in a sale transaction. The property spans approximately 22,000 square feet and was sold for a total price of $2,150,000, resulting in a price per square foot of $98. The transaction took place on August 10, 2022.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $2,150,000
- Address: 170 US-1, Falmouth, ME
- Square Footage: 22,000
- Price per Square Foot: $98
The buyer in this transaction is MSP Professionals 170 US-1 LLC, while the seller is RET Realty LLC. The deal was facilitated by Thomas Gadbois, who represented the buyer as a broker from Uniquely FO Bailey Real Estate.
Players
Falmouth Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.38%
Cash-on-Cash
-2.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93