Investment - Mixed-Use Building | FOR SALE

Office for Sale
Sale Pending
Catylist Listing ID: 30606876
Property Subtypes: Mixed Use, Office Building
Status: Pending
Building Size (RSF): 23,300 SF
Gross Land Area: 4.48 Acres
Sale Price: $1,550,000
Unit Price: $66.52 PSF
Property Use Type: Investment
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/1/2020

Overview / Comments

23,300± SF PROFESSIONAL OFFICE WITH SOME
WAREHOUSE ON 4.48± AC

Port North Professional Center - Fully Leased
Includes 14,079± SF traditional office space with 6,605± warehouse space with
uses for retail inventory storage and service tenants including a daycare
center, professional massage space and photography studio.
Located just off Route 1 close to the Kennebunk town line and the Hannaford
retail complex
Current owner maintains a rent structure below the market which helps with
tenant retention and/or fast lease-ups upon turnover

Additional Details

Nearest MSA: Portland-South Portland
County: York
Tax ID/APN: 035-013A
Zoning: DB-1
Highway Access: Located just off Route 1
Site Description: CONFIGURATION: Office: 14,079± SF / Warehouse: 6,605± SF ROOF: Front is rubber membrane (8-10 yrs.); Rear is asphalt FLOORING: Carpet or tile over slab CEILING HEIGHT Office is 8±feet in office; higher in warehouse area
Area Description: Close to the Kennebunk town line and the Hannaford retail complex
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1975
Construction/Siding: Vinyl Siding
Exterior Description: Wood frame construction; slab foundation; vinyl & block exterior
Parking Description: 63± spaces (3:1) ample parking w/ additional on-site if needed
Heat Type: Oil, Hot Water, Other
Heat Source: Baseboard, Radiant, Other
Zoning Description: DB-1 (the rear land may be in DB-2)
Water Service: Well
Sewer Type: Septic

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 9,015 25,419
Median Age: 47.68 47.22
Households: 3,989 10,763

Contact

Photograph of Listing Agent

John F. Doyon, CCIM

Malone Commercial Brokers NECPE Member
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