Maine Multifamily Property Sells for $3.95M

The multifamily property located at 41 River Street in Sanford, Maine has been sold for 3.95M. The property was sold at a price of 91 per square foot, with a total square footage of 43,013. The sale was brokered by Joseph (Joe) Italiaander and Chris Gallagher of [brokerage firm]. The sale was completed on April 24, 2022.

The property is a multifamily building with a total of [number] units. The building was constructed in [year] and has been well-maintained. The property is located in a desirable area of Sanford, Maine, with easy access to local amenities and transportation.

The buyer of the property is [buyer], a [description of buyer]. The seller of the property is [seller], a [description of seller]. The sale of the property was a win-win for both parties, with the buyer acquiring a well-maintained multifamily property in a desirable location, and the seller achieving a successful sale at a favorable price.

Joseph (Joe) Italiaander and Chris Gallagher of [brokerage firm] were instrumental in brokering the sale of the property. Their expertise in the commercial real estate market and their knowledge of the local area were key factors in the successful sale of the property. The sale of the property is a testament to the strength of the commercial real estate market in Maine, and to the expertise of the brokers involved in the transaction.

Overall, the sale of the multifamily property located at 41 River Street in Sanford, Maine is a positive sign for the commercial real estate market in Maine. The successful sale at a favorable price is a testament to the strength of the market and to the expertise of the brokers involved in the transaction.