Catylist ID:
#30773437
| Catylist Listing ID: | 30773437 |
| Property Subtypes: | Business Park, Coworking, Flex Space, Office Building |
| Building Size (RSF): | 60,032 SF |
| Gross Land Area: | 3.72 Acres |
| Sale Price: | $7,995,000 |
| Unit Price: | $133.18 PSF |
| In Opportunity Zone? | Yes |
| Property Use Type: | Investment, Vacant/Owner-User |
| Class of Space: | Class A |
| Sale Terms: | Cash to Seller |
| Last Updated: | 3/28/2024 |
Overview / Comments
|
The Boulos Company is pleased to bring to market a Class A office facility in South Portland Maine. The property is located less than 2 miles from the Portland International Jetport (PWM) and is ideally situated between exits off I-95 and I-295, providing access to downtown Portland in 10 minutes. Previously occupied by WEX, Inc. the property benefits from very efficient floor plates, recent renovations which include a full service commercial kitchen and cafeteria, a small fitness facility and the building and grounds have been professionally managed since the property was renovated. This is a prime opportunity to purchase a Class A office with high-quality tenant in greater Portland. The office market has historically had single digit vacancy and continues to see strong rent growth and tenant demand. - 60,032± beautifully renovated, Class A office building available. - Exceptional location in the Maine Mall area, less than 2 miles from Portland International Jetport and with easy access to I-95 and I-295. - Incredible Owner-user opportunity with ample on-site parking and subdivision potential. - Area businesses include InterMed, Hannaford, Coca Cola, Target, Bank of America, Fork Food Lab and many more! - 3.72± acre parcel. - SALE PRICE: $7,995,000.00. |
Attachments & Media
Financials
| Finance Data Year | 2021 |
|---|---|
| Real Estate Taxes - Annual($) | $124,502 (Annual) |
| Net Operating Income | $1,100,436 (Annual) |
Additional Details
| Nearest MSA: | Portland-South Portland |
| County: | Cumberland |
| Tax ID/APN: | 05220_48-13A |
| Zoning: | CCR |
| Property Visibility: | Excellent |
| Highway Access: | I-295 & I-95 |
| Airports: | PWM |
| Total Number of Buildings: | 1 |
| Number of Stories: | 2 |
| Year Built: | 1984 |
| Parking Type: | Surface |
| Parking Description: | 300 on-site parking spaces. 245 spaces are fee simple. 55 spaces are leased from CMP. See broker for details. |
| Total Parking Spaces: | 300 |
| Heat Type: | Natural Gas |
| Zoning Description: | CCR (Central and Regional Commercial District) |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 3,882 | 54,317 | 123,168 |
| Median Age: | 32.76 | 37.9 | 39.09 |
| Households: | 1,594 | 24,275 | 54,691 |
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