174 Cash St - Warehouse FOR SALE
South Portland, ME 04106 |
$4,600,000 USD
207-553-1712
174 Cash St
South Portland, ME 04106
HIGHLIGHTS
- Fully Leased Asset: Sea Bags, LLC will be entering into a long-term, NNN lease with new ownership. Suggested lease rate of $9.50/SF.
- Prime Location: Located in a sought-after industrial park in South Portland, with easy access to both I-295 and I-95.
- Functional Building Features: While currently 100% leased to a single tenant, the building was previously operated as a multi-tenanted building and l
- Long-Term Stability: Ten-year lease term to commence immediately upon the sale of the asset.
- Strong Market Fundamentals: The industrial sector in Greater Portland has seen a tightening in vacancy rates over the last 5 years. Vacancy rates are
OVERVIEW
The Boulos Company is pleased to present this 100% single-tenant occupied manufacturing facility in South Portland, Maine. The property is currently owner-occupied by Sea Bags, LLC, a recognizable brand producing bags and accessories from recycled sail cloth with over 50 retail locations nationwide. Sea Bags will be entering into a ten-year lease upon the sale of this asset, securing investors a net-leased industrial asset at an attractive yield.
FOR SALE DETAILS
PRICE
$4,600,000 USD
PRICE/SF
$134 USD /SF
CAP RATE
7.1%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Industrial Investment - Sale Leaseback
PROPERTY TYPE
Industrial
PROPERTY SUBTYPE
Warehouse
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1944
UTILITIES
Lighting - Fluorescent, Gas - Natural, Water, Sewer, Heating - Gas
CLEAR CEILING HT
15.083333333333334 Ft
DOCKS
-
DRIVE INS
10
PARKING SPACES
-
LAND DETAILS
LAND ACRES
2.07
LAND SF
90,169
ZONING
INR
APN/PARCEL ID
SPOR-000040-000000-000080
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207-553-1712
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207-553-1712
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