Professional Office | 650 Brighton Ave
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Professional Office 650 Brighton Ave
13,112 SF 100% Leased Office Building Portland, ME 04102 $1,575,000 ($120/SF) 8.14% Cap Rate
Executive Summary
Fantastic opportunity to own an easy to manage 13,112 +/- SF medical/office building with an abundance of parking located in the suburbs of Portland which is centrally located to all amenities including interstates 295/95. This property has been meticulously maintained by the current owner making this an easy investment for the next owner. This building has 5 tenants placed in quality built out spaces w/ elevator and professional hallways. Included in the sale is 0 Eaton Street adjacent to the property that is used for parking or a potential future development!
Property Facts Under Contract
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
13,112 SF
Building Class
B
Year Built
1988
Price
$1,575,000
Price Per SF
$120
Cap Rate
8.14%
NOI
$128,237
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
4,371 SF
Building FAR
0.57
Lot Size
0.53 AC
Zoning
B1 - Residential Professional
Parking
50 Spaces (3.81 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Central Heating
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Bike Score ®
Very Bikeable (77)
PROPERTY TAXES
Parcel Number | PTLD-000224A-000000-F009001 | Improvements Assessment | $1,401,400 |
Land Assessment | $406,700 | Total Assessment | $1,808,100 |
PROPERTY TAXES
Parcel Number
PTLD-000224A-000000-F009001
Land Assessment
$406,700
Improvements Assessment
$1,401,400
Total Assessment
$1,808,100
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Professional Office | 650 Brighton Ave
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