Horvath & Tremblay Brokers Sell Retail Property In Naples, ME For $1.6M
SOLD
$1,625,000
Maine
See Similar DealsRetail
Sold 03/18/2022
SOLD
Horvath & Tremblay Brokers Sell Retail Property In Naples, ME For $1.6M
457 Roosevelt Trail, Naples, Maine 04055, United States
See Similar DealsRetail
Sold 03/18/2022
Summary
MAINE
Asset Type:Retail
Transaction Type:Sale
A retail property located at 457 Roosevelt Trail in Naples, ME was sold for $1,625,000 on 03/18/2022. The property is situated in a market known for its commercial activities.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,625,000
- Address: 457 Roosevelt Trail, Naples, ME
- Market: Naples, ME
The sale was facilitated by brokers Kyle Danielson, Luke Thomson, Dan Bernardini, Bob Horvath, and Todd Tremblay from Horvath & Tremblay. These brokers represented the parties involved in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$86,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,773.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,703.33
Annual Debt Service$92,439.95
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