100% Leased Retail/Service Building

Retail-Commercial for Sale
Sale Pending
Also listed as Industrial
Catylist Listing ID: 30278474
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail, Other
Status: Pending
Building Size (RSF): 8,752 SF
Gross Building Area: See Agent
Gross Land Area: 0.36 Acres
Sale Price: $750,000
Unit Price: $85.69 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 8.4%
Last Updated: 5/21/2018

Overview / Comments

100% leased, 8,752± sf retail/service building for sale located on Forest Ave in Portland, Maine. Located on one of Portland's major transportation routes with immediate access to I-295 and the Maine Turnpike. Currently occupied with a single, strong-credit tenant. Originally constructed as a NAPA retail store, the building provides an ideal mix of showroom, warehouse and office space.

For more information, please complete the attached Confidentiality Agreement and return it to Tony McDonald or Jon Rizzo.

Attachments & Media

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $14,770 (Annual)

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: Map 146, Block A, Lots 18-20
Zoning: B2 & R5
Retail Clientele: General, Family, Business, Tourist, Other
Property Visibility: Excellent
Highway Access: I-295 and I-95
Airports: Portland International Jetport
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1975
Roof Type: Arched
Parking Type: Surface
Air Conditioning: Engineered System
Zoning Description: Business Community & Residential
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,079 78,351 122,406
Median Age: 36.88 37.41 39.13
Households: 5,430 36,083 54,525

Contact

Photograph of Listing Agent

Tony McDonald, CCIM/SIOR

CBRE | The Boulos Company NECPE Member
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