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
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