Mid-Coast Maine | 100% Leased Grow Buildings

Industrial for Sale
Catylist Listing ID: 30773985
Property Subtypes: Manufacturing, Light Industrial, Warehouse/Distribution
Building Size (RSF): 5,579 SF
Gross Land Area: 0.84 SF
Sale Price: $1,050,000
Unit Price: $188.21 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/23/2021

Overview / Comments

Building 1: 2,379± SF

Building 2: 3,200± SF, new construction

Each building is fully-leased to two different caregivers.

Tenants pay all expenses, except real estate taxes.

Sale Price: $1,050,000

Attachments & Media

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 5/0031
Escalations 1.7
Tenant Business Name Building 2
Is Renting? Yes
SF of Space Occupied 3,200 SF
Current Rent $45,600 PSF (Annual)
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

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,232 18,082 30,164
Median Age: 36.48 41.24 42.96
Households: 2,941 7,561 12,623

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