174 Cash St | South Portland, ME 04106
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174 Cash St
South Portland, ME 04106
Industrial Investment - Sale Leaseback · Industrial Property For Sale
INVESTMENT 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.
- Functional Building Features: While currently 100% leased to a single tenant, the building was previously operated as a multi-tenanted building and l
- Strong Market Fundamentals: The industrial sector in Greater Portland has seen a tightening in vacancy rates over the last 5 years. Vacancy rates are
- Prime Location: Located in a sought-after industrial park in South Portland, with easy access to both I-295 and I-95.
- Long-Term Stability: Ten-year lease term to commence immediately upon the sale of the asset.
PROPERTY FACTS
| Property Type | Industrial | Year Built | 1944 |
| Property Subtype | Warehouse | Tenancy | Single |
| Building Class | C | Parking Ratio | 1.28/1,000 SF |
| Lot Size | 2.07 AC | Clear Ceiling Height | 15’1” |
| Rentable Building Area | 34,421 SF | No. Drive In / Grade-Level Doors | 10 |
| No. Stories | 1 | ||
| Zoning | INR - Non-Residential Industrial | ||
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 2.07 AC |
| Rentable Building Area | 34,421 SF |
| No. Stories | 1 |
| Year Built | 1944 |
| Tenancy | Single |
| Parking Ratio | 1.28/1,000 SF |
| Clear Ceiling Height | 15’1” |
| No. Drive In / Grade-Level Doors | 10 |
| Zoning | INR - Non-Residential Industrial |
UTILITIES
- Lighting - Fluorescent
- Gas - Natural
- Water
- Sewer
- Heating - Gas
PROPERTY TAXES
| Parcel Number | SPOR-000040-000000-000080 | Improvements Assessment | $1,716,100 |
| Land Assessment | $371,200 | Total Assessment | $2,087,300 |
PROPERTY TAXES
Parcel Number
SPOR-000040-000000-000080
Land Assessment
$371,200
Improvements Assessment
$1,716,100
Total Assessment
$2,087,300
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