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14 Thomas Point Road

East End Corp Acquires Office Asset At 14 Thomas Point Road Brunswick For $6.9M
SOLDOffice

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

Tim Millett

Porta & Company

Broker

$11.4M

vol

3 deals

Broker

Brunswick 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

2.30%

Cash-on-Cash

-0.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93