Listed by The Boulos Company Portland
$6,900,000
MaineGeneral Medical Center
Details
Property Type Office
Sub Type Medical Office
Square Footage 18,407
Cap Rate 8.50%
Occupancy 100%
Tenancy Single
Brand/Tenant MaineGeneral Medical Center
Lease Term 10
Rent Bumps Yes
Lease Options Two (2) Periods of Five-Years Each with at least six (6) months’ notice
Class A
Year Built 2007
Acreage 3.680
Zoning Industrial
Parking Spaces 120 spaces
Parking Per SqFt 6.52
Lease Commencement 08/31/2019
Ownership MRE, LLC
Office | 8.50% CAP | 18,407 SqFt
Marketing description
18,407±sf Class A Medical Office Building fully-leased to MaineGeneral Medical Center thru 12/31/2028
Conveniently located near Civic Center Drive Interstate Exit 112 and MaineGeneral’s medical campus
Investment highlights
- 120 parking spaces
- Annual rental increases
- Cap rate: 8.5%
- Price: $6,900,000
- Utilities municipal water/sewer
- Ceiling height 10’
- Electrical 1200-amp
- Sprinklers wet system
- Alarm systems smoke, fire and security
- Parking 120± on-site parking spaces
- Construction steel frame (built 2007)
- Roof flat membrane roof cover
- HVAC propane gas-fired forced air
Listing Contacts
Listed by The Boulos Company Portland
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
