Bangor region 13+ cap Prime Office/ Commercial Building
Office
for Sale
| Catylist Listing ID: |
30852269 |
| Property Subtypes: |
Executive Suites, Office Building, General
|
| Building Size (RSF): |
20,090 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$950,000 |
| Unit Price: |
$47.29 PSF |
| Property Use Type: |
Investment, Vacant/Owner-User |
| Building Name: |
15 Iron Rd |
| Class of Space: |
Class B |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/25/2023 |
Overview / Comments
|
Former Pan Am Railroad corporate offices. Now Priced at a 13 cap+/- Great location. Close of major highways, airport. There are four leases in effect: USDA leases 7500 sf and pays $91000/year modified gross. Tenant recently extended lease with increased terms. New leases signed with. Railroad cell tower $2000/month and the US Boarder Patrol now pays $1500/month In addition the garage operator pays $450/month for the small garage. The Property offers significant upside potential with 10,000 sf of available space to be rented. The property also includes a 2+/- acre lot which can be sold or developed.
|
Additional Details
| Nearest MSA: |
Bangor |
| County: |
Penobscot |
| Tax ID/APN: |
015-034-000 |
| Zoning: |
INDUSTRIAL |
| Property Visibility: |
Excellent |
| Site Description: |
property type: Off Ind Flex
Parking: Ample on-site
HVAC: HVAC
Const.Type: Steel framed, masonry |
| Total Number of Buildings: |
4 |
| Number of Stories: |
2 |
| Construction/Siding: |
Brick, Stone |
| Parking Type: |
Surface |
| Parking Description: |
On site paved |
| Sprinklers: |
None |
| Heat Type: |
Natural Gas |
| Zoning Description: |
Commercial/ Business |
| Water Service: |
Well |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
9,374 |
42,282 |
| Median Age: |
42.93 |
37.2 |
| Households: |
4,095 |
18,319 |
|
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The information presented herein is provided as is, without warranty of any kind.
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