Log In/Sign Up
Your email has been sent.
202, 400 and 409 Industrial Park Street 3 Industrial Properties Offered at $6,400,000 in Pittsfield, ME
Investment Highlights
- ±18.5-year, net-leased industrial investment opportunity
- Absolute Net lease structure | Zero landlord responsibilities
- Supply-constrained industrial submarket | Zero construction and minimal vacancy within 10-mile radius
- 2.50% annual rental escalations
- Tenant: Walpole Outdoors, LLC | 24 locations in 12 states
- Immediate access to Interstate-95 (I-95)
Executive Summary
The Doughty Industrial Group of Marcus & Millichap is pleased to present the sale offering of 202, 400 and 409 Industrial Park Street, a three-building single-tenant absolute net leased industrial investment opportunity in Pittsfield, Maine.
Investment Overview
The opportunity is located within a supply-constrained market boasting minimal vacancy and offers immediate access to Interstate-95. The buildings sit approximately 35 miles west of Bangor, Maine, less than a 40-minute drive. The purchase of this offering presents an investor with the opportunity to own an industrial asset with zero landlord responsibilities in a supply-constrained market with. At the current list price of $6,400,000 the investment offering will generate an in-place net operating income of $518,582 in Year 1, which equates to a capitalization rate of 8.10%.
Tenant Profile
Walpole Outdoors, LLC is a leading designer, manufacturer, and installer of high-quality outdoor structures and products. The New England-based company operates multiple locations throughout the Northeast and Florida. Their product lines include cedar fencing, pergolas, arbors, gates, and outdoor furniture, along with custom designs in cedar and low-maintenance cellular vinyl. The company serves both residential and commercial clients with a strong emphasis on craftsmanship.
Investment Overview
The opportunity is located within a supply-constrained market boasting minimal vacancy and offers immediate access to Interstate-95. The buildings sit approximately 35 miles west of Bangor, Maine, less than a 40-minute drive. The purchase of this offering presents an investor with the opportunity to own an industrial asset with zero landlord responsibilities in a supply-constrained market with. At the current list price of $6,400,000 the investment offering will generate an in-place net operating income of $518,582 in Year 1, which equates to a capitalization rate of 8.10%.
Tenant Profile
Walpole Outdoors, LLC is a leading designer, manufacturer, and installer of high-quality outdoor structures and products. The New England-based company operates multiple locations throughout the Northeast and Florida. Their product lines include cedar fencing, pergolas, arbors, gates, and outdoor furniture, along with custom designs in cedar and low-maintenance cellular vinyl. The company serves both residential and commercial clients with a strong emphasis on craftsmanship.
Property Facts
| Price | $6,400,000 | Number of Properties | 3 |
| Price / SF | $64.18 / SF | Individually For Sale | 0 |
| Cap Rate | 8.10% | Total Building Size | 99,716 SF |
| Sale Type | Investment | Total Land Area | 30.54 AC |
| Status | Active |
| Price | $6,400,000 |
| Price / SF | $64.18 / SF |
| Cap Rate | 8.10% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 99,716 SF |
| Total Land Area | 30.54 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 400 Industrial Park St, Pittsfield, ME 04967 | Industrial | 43,000 SF | 1985 | - |
| 202 Industrial Park St, Pittsfield, ME 04967 | Industrial | 36,716 SF | 1979 | - |
| 409 Industrial Park St, Pittsfield, ME 04967 | Industrial | 20,000 SF | 1985 | - |
1 1
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
202, 400 and 409 Industrial Park Street
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.