76 Northern Ave - Office FOR SALE


Gardiner, ME 04345
$5,100,000 USD
207-557-3513
76 Northern Ave, Gardiner, ME for Sale
$5,100,000 USD
Office - FOR SALE
1/14
null | 7.26% Cap Rate

76 Northern Ave
Gardiner, ME 04345


OVERVIEW

76 Northern Avenue is a fully-leased, office building in Gardiner, ME leased to the Department of Professional & Financial Regulation which includes agencies such as the Office of Securities, Bureau of Insurance, Bureau of Financial Institutions and the Bureau of Consumer Credit Protection. 48,771± SF, fully-leased state office building on 9.5± acres Less than a mile t o 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. Estimated NOI: $370,386 Cap Rate: 7.3% Sale Price: $5,100,000

FOR SALE DETAILS

PRICE

$5,100,000 USD

PRICE/SF

$105 USD /SF

CAP RATE

7.26%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fully-Leased, Single-Tenant State Office Buil

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

9.5 AC

LAND SF

413,820 SF

ZONING

HDR

APN/PARCEL ID

38/05

ASK ABOUT THIS PROPERTY

Nick LucasThe Boulos CompanyMore Info
207-557-3513

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Nick LucasThe Boulos CompanyMore Info
207-557-3513

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