PRICE REDUCED

Office for Sale
Sale Pending
Catylist Listing ID: 30474200
Property Subtypes: Net Leased, Office Building, General
Status: Pending
Building Size (RSF): 62,790 SF
Gross Building Area: See Agent
Gross Land Area: 13.09 Acres
Sale Price: $10,750,000
Unit Price: $171.21 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: 175 Running Hill Rd
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/24/2020

Overview / Comments

PRICE REDUCED

175 Running Hill Road is the pure definition of a trophy asset. This 62,615 +/- SF 3 story office building sits on a beautiful 13.09 +/- acre parcel of land which includes a 2.1 acre pad site that is prime for development. The building was completely remodeled in 2005 and is essentially a brand new building. Currently the building is approximately 80% leased with two separate spaces available for lease on the 1st floor. This is a excellent opportunity for investors and or developers to add a true first class asset to their portfolio.

Please contact Charles W. Day at 207-838-3335 to schedule a viewing of the property.

Additional Details

Nearest MSA: Portland-South Portland-Biddeford
County: Cumberland
Tax ID/APN: 073*0000*007A
Zoning: PO- PROFESSIONAL OFFICE DISTRICT
Property Visibility: Excellent
Site Description: Parking: 5.7 per 1000 HVAC: HVAC Has Sprinklers
Number of Stories: 3
Year Built: 2004

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,841 36,073 111,260
Median Age: 27.22 38.79 38.85
Households: 1,139 15,197 49,228

Contact

Photograph of Listing Agent

Charles W. Day

Porta & Co.
NECPE Member
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