235 Portland Rd - Office FOR SALE


Gray, ME 04039
$3,950,000 USD
207-712-9318
235 Portland Rd, Gray, ME for Sale
$3,950,000 USD
Office - FOR SALE
1/7
null | Request Cap Rate

NEW


235 Portland Rd
Gray, ME 04039


HIGHLIGHTS

  • Highly visible 37,600± SF office campus comprised of 3 commercial/ office buildings with ample on-site parking and development potential
  • A national credit tenant recently signed a corporate-backed long-term lease occupying 22,671± SF (all of Building 1 and 3,071± SF in Building 2)
  • Excellent owner-user opportunity to occupy the remaining space and have tenants pay your mortgage
  • Great exposure with 580’ of frontage on Route 100/Portland Road
  • Financials available upon request

OVERVIEW

Highly visible 37,600± SF office campus comprised of 3 commercial/office buildings with ample on-site parking and development potential. Building 1: Fully leased! 19,600± SF consisting of 1st floor office and lower level industrial space. Building 2: 15,000± SF of shell condition office/commercial space; tenant occupies 3,071± SF in the basement. Building 3: 3,000± SF consists of turnkey office space with a large warehouse in the rear. A national credit tenant recently signed a corporate-backed long-term lease occupying 22,671± SF (all of Building 1 and 3,071± SF in Building 2). Excellent owner-user opportunity to occupy the remaining space and have tenants pay your mortgage. Great exposure with 580’ of frontage on Route 100/Portland Road. Less than 3 miles to I-95 and about 5 minutes to the center of town. Financials available upon request.

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$79 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

14 AC

LAND SF

609,840 SF

ZONING

Commercial

APN/PARCEL ID

GRAY-000064-000036-000002

ASK ABOUT THIS PROPERTY

Michael CobbColliersMore Info
207-712-9318

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Michael CobbColliersMore Info
207-712-9318

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.