Waterboro, ME According to Cardente Real Estate, Midcoast Federal Credit Union, has purchased 8,427 s/f of retail/office building located at 186 Lower Main St. in Freeport for $1.5 million.
This transaction was brokered on behalf of the seller, Chilton Real Estate Holding Company, LLC, by Michael Cardente, Cobb and Greg Perry of Cardente Real Estate and on behalf of the buyer by John Doyon of Malone Commercial Brokers.
In another transaction, Flippin Good Pizza & Subs has leased 2,000 s/f of office space from Cantwell Properties LLC, at 236 Main St.
This transaction was brokered by Mark Sandler and Matt Cardente of Cardente Real Estate.
Cardente Real Estate also leased 10,004 s/f to Monro Muffler Brake, Inc. at 131 Wilton Rd. in Farmington.
This transaction was brokered on behalf of the landlord, Arrow Realty by Michael Cardente and Mike Cobb of Cardente Real Estate.
The multifamily market in Maine’s major cities presents a diverse range of opportunities for investors. We looked at the potential benefits and unique characteristics of three major submarkets in the state: Portland, Bangor, and Lewiston-Auburn. The information below is based on research done in CoStar and county registries, and focuses on multifamily properties that have four or more units.
As we all know, interest rates have been changing drastically, with movement in both directions, depending on the type and term of financing. The Federal Open Market Committee has taken drastic action in efforts to curb abnormally high inflation, but it hasn’t controlled labor cost growth to the extent that was intended.