Fully Leased Medical Office Building For Sale Next to Hospital

Office for Sale
Catylist Listing ID: 30865830
Property Subtypes: Business Park, High-Tech, Medical, Net Leased, Office Building, Other
Building Size (RSF): 6,968 SF
Gross Building Area: See Agent
Sale Price: $2,050,000
Unit Price: $294.20 PSF
Property Use Type: Net Leased Investment (NNN)
Class of Space: Class A
Sale Terms: Cash to Seller, Build-to-Suit, Other
Cap Rate: 7.14%
Average Occupancy Rate: 100
Last Updated: 4/10/2024

Overview / Comments

Fully leased medical office building next to MaineGeneral Hospital for sale. Leased to Heartleaf ABA & Community Pharmacies, this property was recently gut-renovated and remains in meticulous condition.

Brochure to be uploaded shortly.

NOI is currently $146,448.16.

1.97± Acres.

Heartleaf contains 10+ years of term.

Community Pharmacies contains 5+ years of term.

Both tenants signed new leases/renewals within past 3 months.

Seller actively completing construction on Heartleaf.

Please see broker for financials.


Finance Data Year 2024
Real Estate Taxes - Annual($) $11,445 (Annual)

Current Tenants

Tenant Business Name Community Pharmacies
Website URL https://www.communityrx.com/
Is Renting? Yes
Tenant Business Name Heartleaf ABA
Website URL https://heartleafaba.com/
Is Renting? Yes

Additional Details

Nearest MSA: Augusta-Waterville
County: Kennebec
Tax ID/APN: 11020_00001 00251 00000
Property Located Between: Civic Center Drive & Commerce Drive
Property Visibility: Excellent
Highway Access: i-95
Airports: PWM; AUG; BGR
Site Description: Centrally located for government and medical offices.
Area Description: Located in the Capitol of the State of Maine.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 6,968 SF
Year Built: 2006
Year Renovated: 2024
Construction/Siding: Stucco
Exterior Description: Stucco with wood accents
Parking Type: Surface
Parking Description: Paved with 45± spaces.
Sprinklers: Wet
Heat Type: Electricity, Natural Gas
Heat Source: Heat Pump
Internet Access: Cable, Fiber Optic, Other
Zoning Description: Commercial
Lot Frontage: 1000'
Lot Depth: 600'
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,252 9,790 21,195
Median Age: 44.14 42.28 44.07
Households: 547 4,610 9,732


Photograph of Listing Agent

Josh Soley, SIOR, CCIM

Maine Realty Advisors
NECPE Member
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