Seanroy LLC Acquires Retail Property In Auburn, ME For $3.4M
410 Center Street, Auburn, Maine 04210, United States
$3,430,000
$398/SF
Building Size
8,605 SF
Asset Type
Retail
Closing
May 8, 2022
About this deal
AI
A retail property located at 410 Center St in Auburn, ME was recently sold in a closed transaction. The property, measuring 8,605 square feet, was sold by 410 Center LLC to Seanroy LLC for a sale price of $3,430,000. The price per square foot for this transaction was $399. The sale took place on May 9, 2022, and the deal was facilitated by Thomas Gadbois from FO Bailey Real Estate.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $3,430,000
- Address: 410 Center St, Auburn, ME
- Market: Auburn, ME
- Buyer: Seanroy LLC
- Seller: 410 Center LLC
- Broker: Thomas Gadbois - FO Bailey Real Estate
- Square Footage: 8,605
- Price per Square Foot: $399
The sale of the retail property at 410 Center St in Auburn, ME involved the buyer, Seanroy LLC, and the seller, 410 Center LLC. The transaction was facilitated by Thomas Gadbois from FO Bailey Real Estate. The deal closed on May 9, 2022, with a sale price of $3,430,000. The property spans across 8,605 square feet and was sold at a price per square foot of $399.
Auburn 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
4.62%
Cash-on-Cash
-1.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93