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351 Carl Broggi Highway, Le...

Horvath & Tremblay Brokers Sell Retail Property In Lebanon, ME For $2M
SOLDRetail

Horvath & Tremblay Brokers Sell Retail Property In Lebanon, ME For $2M

351 Carl Broggi Highway, Lebanon, Maine 04027, United States

$2,000,000

$219/SF

Building Size

9,100 SF

Asset Type

Retail

Closing

May 26, 2022

AI

A retail property located at 351 Carl Broggi Hwy in Lebanon, ME has been sold for a price of $2,000,000. Covering an area of 2.01 acres, this property offers 9,100 square feet of space with a price per square foot of $220. The transaction took place on May 27, 2022, and was facilitated by brokers Kyle Danielson and Dan Bernardini, representing Horvath & Tremblay.

Summary of Transaction Details

  • Property Type: Retail
  • Transaction Amount: $2,000,000
  • Address: 351 Carl Broggi Hwy
  • Market: Lebanon, ME
  • Acres: 2.01
  • Square Footage: 9,100
  • Price Per Square Foot: $220

The sale of this retail property was negotiated by brokers Kyle Danielson and Dan Bernardini, who represented Horvath & Tremblay in the deal. They played a key role in facilitating the transaction, ensuring a successful sale of the property.

Players

Kyle Danielson

Horvath & Tremblay

Broker

$55.2M

vol

15 deals

Broker

Lebanon 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

7.93%

Cash-on-Cash

-2.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93