Ross Grant Sells Retail Asset At 248 State Street Ellsworth ME For $7,402,150
248 Main Street
$7,402,150
$87/SF
Building Size
85,000 SF
Asset Type
Retail
Closing
Apr 9, 2026
About this deal
AI
The property asset involved in this transaction is a retail building located at 248 State Street in Ellsworth, ME. The sale price of the property was $7,402,150. The total square footage of the asset is 85,000, resulting in a price per square foot of $87.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,402,150
- Address: 248 State Street
- Market: Ellsworth ME
- Square Footage: 85,000
- Price Per Square Foot: $87
- Seller: Ross Grant
- Broker: Thomas Gadbois
The key individuals involved in this deal include the seller, Ross Grant, and the broker representing the transaction, Thomas Gadbois. Their roles were instrumental in finalizing the sale of the retail property.
Players
Ellsworth 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
2.14%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93