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: |
$60.50 PSF |
| Ceiling: |
12 ft. Clear |
| Docks/Doors: |
4 Docks, 4 Doors |
| Drive In Bays: |
1 Bay |
| Property Use Type: |
Net Leased Investment (NNN), Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
4/23/2024 |
Overview / Comments
Discover an exceptional Class A Industrial investment opportunity boasting 14,860 square feet of meticulously maintained manufacturing and office space strategically located along the bustling Route 1 corridor. This property offers investors a stable income stream with a solid 9% CAP rate, underpinned by the presence of a strong and reliable tenant.
Investors can rest assured knowing that the building, well, and septic system are USDA inspected and certified, ensuring compliance with stringent quality standards. Benefit from recent significant renovations and upgrades that have elevated the property's value and functionality. A fully renovated cultivation facility completed in 2022 showcases the commitment to modernization and quality, ensuring that the property remains competitive in the market. Property was previously occupied by Maine Natural Health CO and was renovated/designed for high end food manufacturing.
With a strong CAP rate, multiple renewals, and a tenant with a proven track record in their respective industry, investors can capitalize on the stability and potential for long-term growth offered by this prime industrial property. The property's location along Route 1 ensures excellent visibility and accessibility, further enhancing its attractiveness to tenants and potential buyers alike.
|
Financials
| Finance Data Year |
2024 |
| Real Estate Taxes - Annual($) |
$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 |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
4,632 |
11,000 |
| Median Age: |
40.64 |
43.64 |
| Households: |
1,503 |
4,342 |
|
© Copyright 2024 Moody's. All Rights Reserved.
The information presented herein is provided as is, without warranty of any kind.
Neither New England Commercial Property Exchange nor
Moody's assume any liability for errors or omissions.
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