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5 Community Dr 13,446 SF Office Condo Unit Offered at $1,750,000 in Augusta, ME 04330
EXECUTIVE SUMMARY
Location-Location-Location! First Class commercial office building at the crossroads of commerce, adjacent to the Mall at Augusta, The University of Maine at Augusta and The Augusta Civic Center. Over 13,000 square feet of prime office space. Long term tenants with leases in 12 different office suites. A great collection of professional tenants that share a conference area, a fully equipped gym, a customer waiting area and bathrooms. First floor office space with multiple entrances and plenty of parking. This premium office building is owned by four impressive owners and the building is a condo with great exposure and large traffic count. This location is ideal . Original owner has had the property since it was built in 2000. Once every 25 years an opportunity like this comes available . Augusta is the place to be and this location is perfect!
PROPERTY FACTS
| Total Building Size | 51,657 SF | Typical Floor Size | 17,219 SF |
| Property Type | Office (Condo) | Year Built | 2000 |
| Building Class | B | Lot Size | 2.79 AC |
| Floors | 3 | Parking Ratio | 4.33/1,000 SF |
| Zoning | CD - CD-Civic Center District Zone | ||
| Total Building Size | 51,657 SF |
| Property Type | Office (Condo) |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 17,219 SF |
| Year Built | 2000 |
| Lot Size | 2.79 AC |
| Parking Ratio | 4.33/1,000 SF |
| Zoning | CD - CD-Civic Center District Zone |
AMENITIES
- Conferencing Facility
- Kitchen
- Storage Space
- Recessed Lighting
1 UNIT AVAILABLE
Unit A-1, A-3
| Unit Size | 13,446 SF | Sale Type | Investment or Owner User |
| Price | $1,750,000 | Cap Rate | 8.39% |
| Price Per SF | $130.15 | NOI | $146,825 |
| Condo Use | Office |
| Unit Size | 13,446 SF |
| Price | $1,750,000 |
| Price Per SF | $130.15 |
| Condo Use | Office |
| Sale Type | Investment or Owner User |
| Cap Rate | 8.39% |
| NOI | $146,825 |
DESCRIPTION
Location-Location-Location! First Class commercial office building at the crossroads of commerce, adjacent to the Mall at Augusta, The University of Maine at Augusta and The Augusta Civic Center. Over 13,000 square feet of prime office space. Long term tenants with leases in 12 different office suites. A great collection of professional tenants that share a conference area, a fully equipped gym, a customer waiting area and bathrooms. First floor office space with multiple entrances and plenty of parking. This premium office building is owned by four impressive owners and the building is a condo with great exposure and large traffic count. This location is ideal . Original owner has had the property since it was built in 2000. Once every 25 years an opportunity like this comes available . Augusta is the place to be and this location is perfect!
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5 Community Dr
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