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27 Starrett Drive, Belfast,...

Updated Dec 21, 2023

Horvath & Tremblay Brokers Sell Retail Property In Belfast, ME For $2.6M
SOLDRetail

Horvath & Tremblay Brokers Sell Retail Property In Belfast, ME For $2.6M

27 Starrett Drive, Belfast, ME 04915

$2,590,000

$1,146/SF

Building Size

2,260 SF

Asset Type

Retail

Closing

May 20, 2021

About this deal

AI

The retail property located at 27 Starrett Dr in Belfast, ME has been sold for a price of $2,590,000. The property spans a total area of 2,260 square feet, resulting in a price per square foot of $1,146. The transaction took place on 05/21/2021 and was facilitated by brokers Kyle Danielson, Bob Horvath, and Todd Tremblay from Horvath & Tremblay.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $2,590,000
  • Market: Belfast, ME
  • Address: 27 Starrett Dr
  • Brokers: Kyle Danielson, Bob Horvath, & Todd Tremblay - Horvath & Tremblay

The sale of the retail property at 27 Starrett Dr in Belfast, ME was made possible through the efforts of brokers Kyle Danielson, Bob Horvath, and Todd Tremblay. Their expertise and representation played a vital role in facilitating the transaction and ensuring a successful deal for all parties involved.

Players

Kyle Danielson

Horvath & Tremblay

Broker

$55.2M

vol

15 deals

Broker

Belfast Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $1.1K per square foot on a published $2.6M for 2,260 square feet (2021).

Visit Todd Tremblay to view all their deals.

Browse Maine retail sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.12%

Cash-on-Cash

-1.75%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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