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707 Sable Oaks

Updated Sep 11, 2026

SOLD

General Services Administration Leases Office Space At 707 Sable Oaks In South Portland

707 Sable Oaks

Building Size

—

Asset Type

—

Closing

May 5, 2023

About this deal

AI

The General Services Administration (GSA) has leased 5,282 square feet at 707 Sable Oaks in South Portland, ME for the Department of Veterans Affairs as a Vet Center. The Boulos Company represented the landlord in this transaction. The property, located in the South Portland market, offers 5,282 square feet of office space. The asking rent for the space is $23 per square foot.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not applicable
  • Tenant: General Services Administration
  • Tenant's Representative: Craig Young & Sasha Bogdanovics - Boulos Company
  • Address: 707 Sable Oaks, South Portland, ME
  • Market: South Portland, ME
  • Asking Rent: $23 per square foot
  • Square Footage: 5,282

The GSA leased this space for the Department of Veterans Affairs to serve as a Vet Center, chosen for its proximity to nearby amenities. Vet Centers provide counseling and psychological services to eligible veterans and their families, with experienced staff who are veterans themselves.

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GA
General Services AdministrationTenant
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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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