Bob Horvath & Todd Tremblay Acquires Retail Property In Augusta, ME For $5.1M
SOLD
$5,077,000
Maine
See Similar DealsRetail5,148 SF
Sold 05/06/2022
SOLD
Bob Horvath & Todd Tremblay Acquires Retail Property In Augusta, ME For $5.1M
10 Whitten Road, Augusta, Maine 04330, United States
See Similar DealsRetail5,148 SF
Sold 05/06/2022
Summary
MAINE
Asset Type:Retail
Price Per Square Foot:$986
Total Square Footage:5,148 SF
Transaction Type:Sale
Located in Augusta, ME, the property at 10 Whitten Rd recently changed hands in a retail sale transaction. The deal was facilitated by Bob Horvath and Todd Tremblay of Horvath & Tremblay. The transaction took place on 05/06/2022.
Summary of transation details
- Property Type: Retail
- Sale Price: $5,077,000
- Square Footage: 5,148
- Price per Square Foot: $986
- Address: 10 Whitten Rd
- Market: Augusta, ME
The property, spanning 5,148 square feet, was sold for $5,077,000, resulting in a price per square foot of $986. The retail asset is situated at 10 Whitten Rd in Augusta, ME. The sale was represented by Bob Horvath and Todd Tremblay of Horvath & Tremblay.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$270,773.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,037.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,067.57
Annual Debt Service$288,810.84
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