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
About this deal
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…
Deal FAQ
Visit Joe Porta to view all their deals.
Browse Brunswick office sales on Traded.
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