Retail Property In Westbrook, ME Sells For $6.35M By Bob Horvath, Todd Tremblay & Hobart Hare - Horvath & Tremblay
SOLD
$6,350,000
Maine
See Similar DealsRetail
Sold 10/28/2022
SOLD
Retail Property In Westbrook, ME Sells For $6.35M By Bob Horvath, Todd Tremblay & Hobart Hare - Horvath & Tremblay
92 Rock Row, Westbrook, Maine 04092, United States
See Similar DealsRetail
Sold 10/28/2022
Summary
MAINE
Asset Type:Retail
Transaction Type:Sale
The retail property located at 92 & 94 Rock Row in Westbrook, ME has been sold for a total price of $6,350,000. The transaction was completed on October 28, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $6,350,000
- Address: 92 & 94 Rock Row, Westbrook, ME
- Market: Westbrook, ME
The sale was facilitated by brokers Bob Horvath, Todd Tremblay, and Hobart Hare from Horvath & Tremblay.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$338,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,560.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,102.24
Annual Debt Service$361,226.88
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