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1590 Main Street, Palmyra, ...

Palmyra, ME Retail Property Sold On Main St For $1.6M With Brokers Bob Horvath, Todd Tremblay, Matt Nadler & Dan Bernardini - Horvath & Tremblay
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Palmyra, ME Retail Property Sold On Main St For $1.6M With Brokers Bob Horvath, Todd Tremblay, Matt Nadler & Dan Bernardini - Horvath & Tremblay

1590 Main Street, Palmyra, Maine 04953, United States

$1,602,705

Building Size

Asset Type

Retail

Closing

Mar 17, 2022

AI

A retail property located at 1590 Main St in Palmyra, ME has recently been sold for a total price of $1,602,705. The sale took place on 03/18/2022 and was facilitated by brokers Bob Horvath, Todd Tremblay, Matt Nadler, and Dan Bernardini of Horvath & Tremblay. The property features a prime location in the Palmyra market and offers potential for various retail opportunities.

Summary of transation details:

  • Property Type: Retail
  • Transaction Amount: $1,602,705
  • Date: 03/18/2022
  • Address: 1590 Main St, Palmyra, ME
  • Market: Palmyra, ME
  • Brokers: Bob Horvath, Todd Tremblay, Matt Nadler, Dan Bernardini - Horvath & Tremblay

This successful transaction showcases the expertise and professionalism of the brokers involved, Bob Horvath, Todd Tremblay, Matt Nadler, and Dan Bernardini, who represented the parties in the deal. With their guidance, the buyer and seller were able to reach an agreement that resulted in the sale of this retail property. The brokers' extensive knowledge of the Palmyra market and their negotiation skills were instrumental in the closing of this deal. This sale highlights the strong demand for retail properties in Palmyra, ME and the effectiveness of having experienced brokers to facilitate such transactions.

Players

Robert Horvath

Horvath & Tremblay

Broker

$564M

vol

114 deals

Broker

Palmyra 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

9.90%

Cash-on-Cash

-2.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93