Kevin Thomas Acquires 154 Middle Street Retail In Portland, ME From Peak 5 Equities For $1.35M
154 Middle Street
$1,350,000
Building Size
—
Asset Type
Retail
Closing
Jun 23, 2023
About this deal
AI
Kevin Thomas, owner of Portland Art Gallery, along with gallery director Emma Wilson, has acquired 154 Middle St. in Portland, ME. The retail property was purchased from Peak 5 Equities, LLC for $1.35 million. The transaction took place on June 23, 2023. The property is located at 154 Middle Street in the Portland market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,350,000
- Buyer: Kevin Thomas
- Seller: Peak 5 Equities, LLC
- Broker: Greg Boulos - Boulos Company
Kevin Thomas, along with Emma Wilson, acquired 154 Middle St. for $1.35 million from Peak 5 Equities, LLC. Kevin Thomas is the owner of Portland Art Gallery. The transaction was facilitated by broker Greg Boulos from Boulos Company.
On the Map
$1,350,000
Retail
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Players
Portland 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
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93