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


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

View FullscreenMap

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


© Copyright 2001-2022 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.