
Biddeford, ME According to Cardente Real Estate, DAC Properties 2, LLC has purchased a 4,435 s/f modern office building with warehouse space at 6 Digital Dr. for $425,000. This transaction was brokered on behalf of the seller, Benchmark Property Management, LLC by Karen Rich of Cardente Real Estate, and on behalf of the buyer by Ed Herczeg of The Maine Real Estate Network.
In another transaction, Stephen Hilton has purchased a 4,791 s/f mixed-use building at 206 Brown St. in Westbrook, for $325,000.
This transaction was brokered on behalf of the seller, 206 Brown Street, LLC, by Greg Perry of Cardente Real Estate and on behalf of the buyer by Greg Nisbet of Downeast Realty Partners.
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.