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August 7, 2023

A roundup of commercial sales for the month of July 2023

store fronts Courtesy / The Boulos Co. An out-of-state investor bought a retail portfolio in Brunswick for $5.25 million.

Here’s a roundup of commercial sales in Maine first published in the Tuesday Real Estate Insider during July. (The Thursday Real Estate Insider compiles real estate leases.)

The information is provided by brokerages and thus does not include privately managed transactions.

From the Real Estate Insider of July 11

168 Saco Ave., Old Orchard Beach: 16,205-square-foot retail/multi-family building sold to Eagle Holdings Co. by Duffy’s Holdings LLC for $1.8 million. Sam LeGeyt from the Dunham Group and Sam Marinko from the Boulos Co. brokered the sale, which closed on June 26.

60 Hutcherson Drive, Gorham: 13.3-acre lot sold to Plus Power by 60 Hutcherson Drive LLC for $850,000. Joe Malone and Jennifer Small of Malone Commercial Brokers brokered the transaction, which closed June 23.

383 Commercial St., Portland: 2,222-square-foot office condo sold to RohShaBro Co. LLC Inc. by Deering Property Development LLC for $660,000. Joe Malone and Jennifer Small of Malone Commercial Brokers brokered the transaction, which closed June 23.

907 Oakland Road, Belgrade: 7,800-square-foot of industrial space sold to Techno Metal Post ME by Pat Sadulsky for $350,000. John Doyon of Malone Commercial Brokers (representing seller) and Taylor Tarbox of Better Homes & Gardens Real Estate The Masiello Group (representing buyer) brokered the transaction, which closed June 30.

36 Running Hill Road, Scarborough: 3.61-acre lot sold to Peck Enterprises by Goldstein Steel Inc. for $300,000. Mike Anderson of Malone Commercial Brokers brokered the transaction, which closed June 16.

39 Cape Road, Hollis: 34 acres sold to Timothy Barrett and Brock Mooney by Inhabitants of the Town of Hollis for $55,000. Kirk Butterfield of KW Commercial/Magnusson Balfour and Kaitlyn Hall of A Team Realty brokered the deal, which closed June 15.

From the Real Estate Insider of July 18

317 U.S. Route 1, York: 10,717-square-foot retail building sold to Saint Thomas LLC by MCG Warren LLC for $3.825 million. Noah Stebbins of the Boulos Co. (representing buyer) and Daniel de Sa’ of HMX Realty Advisors (representing seller) brokered the deal, which closed June 5.

193 Broad St., Bangor: 16,333-square-foot office/retail building sold to JDS Holdings LLC by Empeople Credit Union for $1,157,140. TC Haffenreffer, Sylas Hatch and Sam LeGeyt from the Dunham Group and Holly Taylor from the Masiello Group brokered the sale, which closed June 29.

43-45 Water St., Wiscasset: Sarah's Cafe & Twin Schooners Pub sold to Jodie and James Roquemore by Sarah Heald and Sarah & Sons Real Estate Inc. for $925,000. Nicholas Farrell and Bob Doak of Farrell & Doak at Keller Williams Realty (representing sellers) and Stan Goff (representing buyers) of Re/Max Riverside brokered the deal, which closed June 27.

21 Old Farm Road, Lewiston: 38,183-square-foot industrial building sold to Vulcan Ventures LLC by Transcendia Inc. for $744,000. Noah Stebbins, Chris Paszyc of the Boulos Co. and Matt Jones of JLL (representing seller) and Frank Carr of Maine Realty Advisors (representing buyer) brokered the transaction, which closed May 31.

1420 Long Plains Road, Buxton: 1,700-square-foot retail building sold to S&C LLC by Common Enterprises LLC for $605,000. Cheri Bonawitz and Karen Rich of Malone Commercial Brokers (representing seller) and Katherine Hogan of Reside in Maine (representing buyer) brokered the transaction, which closed July 7.

0 Portland Road, Saco: 1.64-acre parcel of land sold to RCT2 Saco LLC, RCT3 Saco LLC and JW Saco LLC by Diversa-Kerr Development LLC for $390,000. Brice O’Connor and Noah Stebbins of the Boulos Co. arranged the transaction, which closed June 7.

9 Ginn Road, Scarborough: 8,700-square-foot building on 2.5 acres sold to Saia Trucking by Moore Brothers Realty LLC for undisclosed price. David Jones  and Robert Baldacci of F.O. Bailey Real Estate brokered the deal, which closed June 30.

515 Woodford St., Portland: 7,690-square-foot special-purpose building sold to HopeGateWay Church St. Ansgar Evangelical Lutheran Church for undisclosed price. Justin Lamontagne and Bryan Plourde from the Dunham Group brokered the sale, which closed June 30.

From the Real Estate Insider of July 25

104 Pleasant St., 106–112 Pleasant St. and 275 Bath Road, Brunswick: Retail portfolio totaling 25,181 square feet sold to Brunswick Town Holdings LLC by R.E. Management Inc. for $5.25 million. Greg Boulos (representing seller) and Noah Stebbins (representing buyer) with the Boulos Co. brokered the deal.

1830 Lisbon St., Lewiston: Off-market commercial property sold to Kirouac Properties LLC by JB 1830 LLC for $1.25 million. Kevin Fletcher of the Fletcher Group of Keller Williams Realty (representing buyer and seller) brokered the transaction, which closed July 19.

0 China Road in Winslow: 2.97-acre parcel of land sold to Winslow Community Food Cupboard by Laurent L’Heureux et al for $150,000. Nick Lucas of the Boulos Co. (representing seller) and Kim Hughes of Surette Real Estate (representing buyer) brokered the deal, which closed June 16.

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