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
Belfast 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
6.12%
Cash-on-Cash
-1.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93