Port Property Acquires Portland Multi-Building Portfolio For $45M | 62 Elm Street | Mac Simpson, Joe Porta, Charles Day | Package Deal | Sale

Summary

Sale

MAINE

Package Deal

180,000 sqft

Portland, ME - A package deal consisting of multiple properties has closed in Portland, Maine. The portfolio includes 62 Elm St, 77 Preble St, 197 Oxford St, and 165, 175, 185, 190, and 196 Lancaster St. The properties consist of approximately 180,000 square feet of retail space and 420 surface parking spaces. The sale also includes the 595-space Portland Public Market Garage.

Summary of transaction details

Property Type: Package Deal
Transaction Amount: $45,000,000
Square Footage: 180,000 SF
Price Per Square Foot: $250
Market: Portland, ME

The buyer in this transaction is Port Property, represented by brokers Joe Porta, Charles Day, and Mac Simpson from Porta & Co. The deal closed on October 13, 2022.

Players

All
4

Agents
3
Agencies
1

$45M Sold

$45M Sold

$45M Sold

Details

Deal Summary

SOLD

IMAGE: IMAGE: Joe Porta, Charles Day & Mac Simpson DATE: 10/13/2022 ADDRESS: 62 Elm St, 77 Preble St, 197 Oxford St, 165, 175, 185, 190 and 196 Lancaster St MARKET: Portland, ME ASSET TYPE: Package Deal BUYER: Port Property BROKERS: Joe Porta (@JPorta207), Mac Simpson (@Mac_Simpson) & Charles Day (@CharleswdDay) - Porta & Co. (@portacompany) SALE PRICE: $45,000,000 SF: 180,000 ~ PPSF: $250 NOTE FROM BROKER: 62 Elm St., 77 Preble St., 197 Oxford St, 165, 175, 185, 190 and 196 Lancaster St, Portland: Multi-building portfolio comprises approximately 180,000 square feet of retail space and approximately 420 surface parking spaces. Additionally a 595-space Portland Public Market Garage sold as well.

View on map

Address62 Elm Street

Comparables

This user does not have deals with the selected filters yet.
Reset filters to show results.

Contact

Get in touch with the broker you want