Manchester Place

Office for Sale
Catylist Listing ID: 30237533
Property Subtypes: Office Building
Building Size (RSF): 14,800 SF
Gross Building Area: See Agent
Gross Land Area: 63.95 Acres
Sale Price: $2,600,000
Unit Price: $175.68 PSF
Property Use Type: Investment
Building Name: Manchester Place
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/8/2018

Overview / Comments

CBRE | The Boulos Company has been retained by its ownership as the exclusive agent for the sale of Manchester Place at 23 - 29 Bowdoin Street in Manchester, Maine.
Manchester Place is a 14,800± SF single-story, multi-tenant, professional/medical building on a 63.95± AC (less lot retained by seller, size to be determined) development lot.

Manchester Place is an excellent investment property for the buyer looking for a
significant asset with stable cash flow coupled with a value-add opportunity to
develop three additional buildings. The property also benefits from a TIF with the
Town of Manchester.

Additional Details

Nearest MSA: Augusta-Waterville
County: Kennebec
Tax ID/APN: Map U19, Lot 14 and 15
Zoning: GENERAL DEVELOPMENT

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 6,169 27,672
Median Age: 48.38 44.29
Households: 2,914 12,336

Contact

Photograph of Listing Agent

Christopher Paszyc, CCIM, SIOR

CBRE | The Boulos Company NECPE Member
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