Horvath & Tremblay Brokers Sell Machias Retail Property For $2.15M
38 Prescott Dr, Machias, ME 04654
$2,150,000
Building Size
—
Asset Type
Retail
Closing
Apr 4, 2022
About this deal
AI
A retail property located at 38 & 53 Prescott Dr in Machias, ME has been sold for a price of $2,150,000. The transaction took place on April 5, 2022. The property is situated in the Machias market and spans an unspecified square footage.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,150,000
- Address: 38 & 53 Prescott Dr, Machias, ME
- Market: Machias, ME
The sale of this retail property was facilitated by Joe DeSalvo, Bob Horvath, and Todd Tremblay, who represent Horvath & Tremblay brokerage firm.
Players
Machias 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
7.38%
Cash-on-Cash
-2.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93