East End Corp Acquires Office Asset At 14 Thomas Point Road Brunswick For $6.9M
14 Thomas Point Road
$6,900,000
$322/SF
Building Size
21,385 SF
Asset Type
Office
Closing
Aug 9, 2024
AI
The office asset located at 14 Thomas Point Road in Brunswick, ME, has been sold for a total transaction amount of $6,900,000. The property encompasses a total area of 21,385 square feet, resulting in a price per square foot of $322.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $6,900,000
- Address: 14 Thomas Point Road
- Market: Brunswick, ME
- Square Footage: 21,385
- Price Per Square Foot: $322
- Buyer: East End Corp.
- Broker Representatives: Tim Millett & Joe Porta - Porta & Company
Tim Millett and Joe Porta, representing Porta & Company, facilitated the transaction for the buyer, East End Corp., ensuring a successful closure of the deal.
Players
Brunswick Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.30%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93