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For Sale

Fully-Leased, Single Tenant State Office Building

76 Northern Ave,
Gardiner, ME 04345

Asset Snapshot

1960
Year Built
2022
Year Renovated
1
Floor Count
1
Building Count

Offering Summary

Investment Overview

Fully-Leased, Single Tenant State Office Building


Investment Highlights

  • 48,771± SF, fully-leased state office building on 9.5± acres
  • Less than a mile to downtown Gardiner and directly off Maine Avenue/Rte 201
  • Approximately $1,500,000 in renovations completed in 2022 & 2023
  • Renovations include new interior paint, carpet, windows, etc.
  • Fully leased through 12/31/2033
  • Estimated NOI: $370,386
  • Cap Rate: 7.3%
  • Sale Price: $5,100,000

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Listing Syndicated From

Buildout
For Sale
$5,100,000
Asking Price