825 Atlantic Highway, Warren

Industrial for Sale
Catylist Listing ID: 30868553
Property Subtypes: Flex Space, Food Processing, Light Industrial, Net Leased, Warehouse/Distribution
Building Status: Proposed
Building Size (RSF): 14,860 SF
Gross Building Area: See Agent
Sale Price: $899,000
Unit Price: $60.50 PSF
Ceiling: 12 ft. Clear
Docks/Doors: 4 Docks, 4 Doors
Drive In Bays: 1 Bay
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/18/2024

Overview / Comments

Discover an exceptional Class A Industrial investment opportunity boasting 14,860 square feet of meticulously maintained manufacturing and office space strategically located along the bustling Route 1 corridor. This property offers investors a stable income stream with a solid 9% CAP rate, underpinned by the presence of a strong and reliable tenant.

Investors can rest assured knowing that the building, well, and septic system are USDA inspected and certified, ensuring compliance with stringent quality standards. Benefit from recent significant renovations and upgrades that have elevated the property's value and functionality. A fully renovated cultivation facility completed in 2022 showcases the commitment to modernization and quality, ensuring that the property remains competitive in the market. Property was previously occupied by Maine Natural Health CO and was renovated/designed for high end food manufacturing.

With a strong CAP rate, multiple renewals, and a tenant with a proven track record in their respective industry, investors can capitalize on the stability and potential for long-term growth offered by this prime industrial property. The property's location along Route 1 ensures excellent visibility and accessibility, further enhancing its attractiveness to tenants and potential buyers alike.

Financials

Finance Data Year 2024
Real Estate Taxes - Annual($) $12,425 (Annual)
Net Operating Income $80,340 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Augusta-Waterville
County: Knox
Submarket Type: Suburban
Tax ID/APN: 23013WRRR M:R04 L:029 S:00C
Zoning: 14/21
Highway Access: I-295
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 2
Property Condition: Excellent
Year Built: 1989
Year Renovated: 2022
Construction/Siding: Steel Frame
Exterior Description: Metal Clad
Parking Type: Surface
Total Parking Spaces: 20
Heat Type: Electricity, Oil
Heat Source: Baseboard, Heat Pump
Water Service: Well
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 4,632 11,000
Median Age: 40.64 43.64
Households: 1,503 4,342

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