Thomas Gadbois Of FO Bailey Real Estate Sells Retail Property In Westbrook, ME For $14.9M
100 Larrabee Road
$14,900,000
$146/SF
Building Size
102,000 SF
Asset Type
Retail
Closing
Jul 28, 2022
About this deal
AI
The retail property located at 100 Larrabee Rd in Westbrook, ME has been sold in a recent transaction. The property spans across 102,000 square feet, offering ample space for various retail activities. The sale price for this property was $14,900,000, resulting in a price per square foot of $146.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $14,900,000
- Square Footage: 102,000
- Price Per Square Foot: $146
- Address: 100 Larrabee Rd, Westbrook, ME
- Market: Westbrook, ME
The transaction was facilitated by Thomas Gadbois from FO Bailey Real Estate. As the representative of the buyer or seller, Thomas Gadbois played a crucial role in the successful completion of the deal.
Westbrook Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93