General Services Administration Leases Office Space At 707 Sable Oaks In South Portland
707 Sable Oaks
Building Size
—
Asset Type
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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.
Players
Katy CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
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