Mid-Coast Maine | 100% Leased Grow Buildings
Industrial
for Sale
| Catylist Listing ID: |
30773985 |
| Property Subtypes: |
Industrial-Business Park, Manufacturing, Mixed Use, Light Industrial, Net Leased, Warehouse/Distribution
|
| Building Size (RSF): |
5,579 SF
|
| Gross Land Area: |
0.84 Acres
|
| Sale Price: |
$975,000 |
| Unit Price: |
$174.76 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Net Leased Investment (NNN), Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/30/2022 |
Overview / Comments
Building 1: 2,379+/- SF
Building 2: 3,200+/- SF, new construction
Each building is fully-leased.
Tenants pay all expenses, except real estate taxes.
Sale Price: $975,000
|
Financials
| Finance Data Year |
2021 |
| Real Estate Taxes - Annual($) |
$10,500 (Annual) |
| Gross Operating Income |
$88,800 (Annual) |
| Net Operating Income |
$78,300 (Annual) |
Current Tenants
| Tenant Business Name |
Building 1 |
| Is Renting? |
Yes |
| SF of Space Occupied |
2,379 SF |
| Current Rent |
$43,200 PSF (Annual) |
| Lease Expiration |
5/2026 |
| Escalations |
1.7 |
| Tenant Business Name |
Building 2 |
| Is Renting? |
Yes |
| SF of Space Occupied |
3,200 SF |
| Current Rent |
$45,600 PSF (Annual) |
| Lease Expiration |
12/2030 |
| Escalations |
2.0 |
| Tenant Notes |
Right to terminate after the third year by providing six (6) months notice and paying a three-month termination fee. |
Additional Details
| Nearest MSA: |
Portland-South Portland |
| County: |
Cumberland |
| Tax ID/APN: |
05030_U13-73 |
| Zoning: |
GM7 |
| Site Description: |
Brunswick |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
2 |
| Number of Stories: |
1 |
| Parking Type: |
Surface |
| Column Spacing: |
.01 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
1,352 |
16,047 |
31,848 |
| Median Age: |
33.16 |
40 |
42.54 |
| Households: |
491 |
6,662 |
13,811 |
|
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