Listing

Exceptional Commercial investment opportunity/ Solid State and Federal tenant base Houlton, Maine.

Government

11 High Street, Houlton, ME 04730

10 photos
Government For Sale
Asking
$5,200,000
Listing Details
Type
Sale
Status
Active
Asking Price
$5,200,000
List Date
Aug 6, 2026
Days on Market
28
Financing Available
No
Sale Investment
YES
Sale NOI
$493,869
Sale Total Expenses
$198,449
Sale Gross Income
$692,317
Owner Occupied
No
Agent Ownership Interest
No

Exceptional Commercial investment opportunity/ Solid State and Federal tenant base Houlton, Maine.

This multi-tenant office building is occupied by established federal and state government agencies, offering investors stable in-place income with significant upside through lease-up of the remaining vacant suites. The property consists of five office suites. Three are currently leased to government agencies, including the U.S. Border Patrol, U.S. Immigration and Customs Enforcement (ICE), and the Maine Department of Health and Human Services (DHHS). The Border Patrol and DHHS leases provide longer-term income stability, while the ICE lease offers additional flexibility for future leasing strategies. Ownership has invested substantial capital into the property to satisfy the stringent facility requirements of government tenants, resulting in a well-maintained asset that has been improved to government occupancy standards. In addition to the existing cash flow, the property presents a compelling value-add opportunity through the lease-up of two vacant suites totaling 4,001± square feet: Suite A: 2,309± SF Suite B: 1,692± SF Leasing these vacancies provides a clear path to increasing the property's net operating income and overall value, making this an attractive investment for buyers seeking both stable current returns and future appreciation. The property is being offered at a projected 9.50% capitalization rate, providing an opportunity to acquire a government-anchored investment with dependable tenancy, strong underlying credit, and meaningful upside through occupancy growth. Investment highlights Government-Anchored Tenancy – Three of the property's five suites are occupied by government agencies, including the Maine Department of Health and Human Services (DHHS), the U.S. Border Patrol, and U.S. Immigration and Customs Enforcement (ICE), providing a highly creditworthy tenant mix. Long-Term Income Stability – The DHHS and U.S. Border Patrol leases provide long-term cash flow, creating dependable in-place income for investors. Value-Add Leasing Opportunity – Two vacant suites totaling 4,001± square feet (2,309± SF and 1,692± SF) provide immediate upside through lease-up, offering the potential to increase net operating income and overall asset value. Capital Improvements Completed – Ownership has invested significant capital into the property to meet the stringent requirements of government occupants, reducing near-term capital expenditure needs for a future owner. Strong Initial Yield – Offered at an attractive 9.50% capitalization rate, providing compelling cash-on-cash returns compared to many stabilized office investments. Opportunity for NOI Growth – Leasing the remaining vacancy has the potential to materially increase the property's cash flow and improve the overall investment return. Established Government Facility – The property has an operating history as a government office facility, making it well-positioned for continued occupancy by public-sector tenants. Diversified Income Stream – Multiple tenants reduce reliance on a single occupant while maintaining a tenant roster anchored by government agencies. Limited Management Requirements – Government tenants are generally associated with predictable occupancy and professional lease administration, making the asset attractive to passive investors. Northern Maine Regional Hub – Located in Houlton, Maine, the property serves as an important regional office location for government agencies operating throughout northern Maine and along the U.S.-Canada border.

Space Details

Primary Use
Government/public
Contact
RB
Robert BaldacciPrimary
Keller Williams Realty
Location