Catylist ID:
#30871840
Fully-Leased, Single Tenant State Office Building
Office
for Sale
| Catylist Listing ID: | 30871840 |
| Property Subtypes: | Office Building |
| Building Size (RSF): | 48,771 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 9.50 Acres |
| Sale Price: | $5,100,000 |
| Unit Price: | $104.57 PSF |
| Property Use Type: | Investment |
| Building Name: | Fully-Leased, Single Tenant State Office Building |
| Class of Space: | Class B |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 4/26/2024 |
Overview / Comments
|
48,771+/- SF, fully-leased state office building on 9.5+/- acres • Less than a mile to downtown Gardiner and directly off Maine Avenue/Rte 201. • Approximately $1,500,000 in renovations completed in 2022 & 2023 • Renovations include new interior paint, carpet, windows, etc. • Fully leased through 12/31/2033 to Department of Professional & Financial Regulation • Estimated NOI: $370,386 • Cap Rate: 7.3% • Sale Price: $5,100,000 |
Attachments & Media
Additional Details
| Nearest MSA: | Augusta-Waterville |
| County: | Kennebec |
| Taxing Authority: | City of Gardiner |
| Tax ID/APN: | Map 38, Lot 05 |
| Zoning: | HDR |
| Property Visibility: | Excellent |
| Total Number of Buildings: | 1 |
| Number of Stories: | 1 |
| Year Built: | 1960 |
| Year Renovated: | 2023 |
| Roof Type: | Flat |
| Construction/Siding: | Block |
| Parking Type: | Surface |
| Parking Description: | Ample, on-site parking |
| Heat Type: | Propane, Hot Water |
| Zoning Description: | HDR - High Density Residential |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Legal Description: | 14610/315 |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 3,961 | 11,260 | 23,824 |
| Median Age: | 41.89 | 43.08 | 43.84 |
| Households: | 1,766 | 4,878 | 10,092 |
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