77 Sewall St
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77 Sewall St
21,600 SF 100% Leased Office Building Augusta, ME 04330 $2,950,000 ($137/SF) 9.08% Cap Rate
Investment Highlights
- Class A Office Building
- 2± minutes from Maine Turnpike/I-95, Exit 109A
- Located in the heart of the Capitol District
- Cap Rate : 8.5%
Executive Summary
We are pleased to offer this three-story, 21,936 SF Class A office building for sale. The property is fully leased with approximately 80% of the leases being long-term State of Maine leases. The property is within walking distance to the State Capitol building and approximately 2 miles from Maine Turnpike/I-95, Exit 109A.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
21,600 SF
Building Class
B
Year Built
1996
Price
$2,950,000
Price Per SF
$137
Cap Rate
9.08%
NOI
$267,860
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
8,666 SF
Slab To Slab
10’
Building FAR
0.49
Land Acres
1.00 AC
Zoning
CB
Parking
65 Spaces (3.01 Spaces per 1,000 SF Leased)
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Walk Score ®
Very Walkable (70)
PROPERTY TAXES
Parcel Number | AUGU-000027-000092 | Improvements Assessment | $1,805,800 |
Land Assessment | $241,400 | Total Assessment | $2,047,200 |
PROPERTY TAXES
Parcel Number
AUGU-000027-000092
Land Assessment
$241,400
Improvements Assessment
$1,805,800
Total Assessment
$2,047,200
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77 Sewall St
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