100% Leased Mixed-Use Commercial Bldg

Retail-Commercial for Sale
Sale Pending
Also listed as Office
Catylist Listing ID: 30278468
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail, Other
Status: Pending
Building Size (RSF): 5,235 SF
Gross Building Area: See Agent
Gross Land Area: 0.28 Acres
Sale Price: $750,000
Unit Price: $143.27 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 8.9%
Last Updated: 9/18/2018

Overview / Comments

5,235± sf, mixed-use commercial building located at 1006 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 100% occupied with a mix of retail and office tenants, 1006 Forest Ave offers visibility, accessibility and the security of a diverse tenant mix.

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($) $9,892 (Annual)
Assessed Value - Total($) $456,900 (Annual)

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: Map 143, Block A, Lots 26-27
Zoning: B2
Retail Clientele: General, Business, Traveler, Other
Property Visibility: Excellent
Highway Access: I-295 and I-95
Airports: Portland International Jetport
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Built: 1986
Parking Type: Surface
Passenger Elevators: 1
Heat Type: Other
Heat Source: Central
Air Conditioning: Engineered System
Zoning Description: Business Community
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,079 80,181 122,406
Median Age: 36.88 37.45 39.13
Households: 5,430 36,930 54,525

Contact

Photograph of Listing Agent

Tony McDonald, CCIM/SIOR

CBRE | The Boulos Company NECPE Member
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