123 Darling Ave
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123 Darling Ave
60,032 SF Office Building South Portland, ME 04106 $7,995,000 ($133/SF)
Investment Highlights
- 60,032± beautifully renovated, Class A office building available.
- Incredible Owner-user opportunity with ample on-site parking and subdivision potential.
- 3.72± acre parcel.
- Exceptional location in the Maine Mall area, less than 2 miles from Portland International Jetport and with easy access to I-95 and I-295.
- Area businesses include Intermed, Hannaford, Coca Cola, Target, Bank of America, Fork Food Lab and many more!
- SALE PRICE: $7,995,000.00.
Executive Summary
The Boulos Company is pleased to bring to market a Class A office facility in South Portland Maine. The property is located less than 2 miles from the Portland International Jetport (PWM) and is ideally situated between exits off I-95 and I-295, providing access to downtown Portland in 10 minutes.
Previously occupied by WEX, Inc. the property benefits from very efficient floor plates, recent renovations which include a full service commercial kitchen and cafeteria, a small fitness facility and the building and grounds have been professionally managed since the property was renovated.
This is a prime opportunity to purchase a Class A office with high-quality tenant in greater Portland. The office market has historically had single digit vacancy and continues to see strong rent growth and tenant demand.
Previously occupied by WEX, Inc. the property benefits from very efficient floor plates, recent renovations which include a full service commercial kitchen and cafeteria, a small fitness facility and the building and grounds have been professionally managed since the property was renovated.
This is a prime opportunity to purchase a Class A office with high-quality tenant in greater Portland. The office market has historically had single digit vacancy and continues to see strong rent growth and tenant demand.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$124,502
|
$2.07
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$124,502
|
$2.07
|
Financial Summary (Actual - 2024)
| Taxes | |
|---|---|
| Annual | $124,502 |
| Annual Per SF | $2.07 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $124,502 |
| Annual Per SF | $2.07 |
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
60,032 SF
Building Class
B
Year Built
1984
Price
$7,995,000
Price Per SF
$133
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
30,000 SF
Building FAR
0.37
Land Acres
3.72 AC
Opportunity Zone
Yes
Zoning
CCR - CCR (Central and Regional Commercial District)
Parking
300 Spaces (5 Spaces per 1,000 SF Leased)
Amenities
- Fitness Center
- Kitchen
- Direct Elevator Exposure
- Natural Light
- Open-Plan
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PROPERTY TAXES
| Parcel Number | SPOR-000048-000000-000013A | Total Assessment | $7,948,800 (2023) |
| Land Assessment | $1,032,100 (2023) | Annual Taxes | $124,502 ($2.07/SF) |
| Improvements Assessment | $6,916,700 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
SPOR-000048-000000-000013A
Land Assessment
$1,032,100 (2023)
Improvements Assessment
$6,916,700 (2023)
Total Assessment
$7,948,800 (2023)
Annual Taxes
$124,502 ($2.07/SF)
Tax Year
2024
-
Drew Sigfridson -
The Boulos Company
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123 Darling Ave
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