17-19 Mollison Way

Office for Sale
Catylist Listing ID: 30417707
Property Subtypes: Business Park, High-Tech, Office Building
Building Size (RSF): 60,000 SF
Gross Building Area: See Agent
Gross Land Area: 5.96 Acres
Sale Price: See Agent
Property Use Type: Net Leased Investment (NNN), Investment
Class of Space: Class A
Sale Terms: Cash to Seller
Last Updated: 8/13/2019

Overview / Comments

60,000± SF, Class A office building on 5.96± Acres

Fully leased to Change Healthcare Technology Enabled Services, LLC, an affiliate of Change Healthcare, Inc. (CHNG)

Leased through 8/31/2025

Tenant recently renewed for 7 years and has been located here since 1994, approximately 25 years.

Many recent capital improvements including a new EPDM roof in 2018.

Central location in Lewiston’s premier office park

$555,000/year triple net income ($9.25/sf NNN) in 2019 with annual increases

Offered for sale and seeking offers

Additional Details

Nearest MSA: Lewiston-Auburn
County: Androscoggin
Submarket/Township: Lewiston/Auburn
Taxing Authority: City of Lewiston
Tax ID/APN: Map 169, Lot 35
Zoning: CB
Road Type: Paved, 2-Track
Property Visibility: Excellent
Transportation: Other
Site Description: 5.96 acres on Mollison Way just off Main Street
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1994
Roof Type: Flat
Construction/Siding: Brick, Concrete, Steel Frame
Parking Type: Surface
Parking Description: Surface parking for up to 352± vehicles Approx. ratio 6:1
Total Parking Spaces: 352
Heat Type: Natural Gas
Zoning Description: CB - Community Business
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,795 46,594 59,012
Median Age: 35.89 36.93 38.25
Households: 1,764 19,677 24,957

Contact

Photograph of Listing Agent

Christopher Paszyc, CCIM, SIOR

The Boulos Company NECPE Member
Photograph of Listing Agent

Tony McDonald, CCIM/SIOR

The Boulos Company NECPE Member
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