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Kevin Thomas Acquires 154 Middle Street Retail In Portland, ME From Peak 5 Equities For $1.35M
SOLD
$1,350,000
Maine
See Similar DealsRetail
Sold 06/23/2023
SOLD
Kevin Thomas Acquires 154 Middle Street Retail In Portland, ME From Peak 5 Equities For $1.35M
154 Middle Street
See Similar DealsRetail
Sold 06/23/2023
Summary
MAINE
Asset Type:Retail
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$72,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,796.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,399.69
Annual Debt Service$76,796.26
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