398 School St - Industrial FOR SALE


Berwick, ME 03901
$4,190,000 USD
207-409-8339
398 School St, Berwick, ME for Sale
$4,190,000 USD
Industrial - FOR SALE
1/8
null | 10.28% Cap Rate

398 School St
Berwick, ME 03901


HIGHLIGHTS

  • 27,240± SF across five newly constructed industrial buildings.

OVERVIEW

Premiere industrial investment opportunity in Southern Maine featuring 27,240± square feet across five newly constructed industrial buildings. The property is fully leased to 14 separate tenants, all licensed marijuana cultivation operators, ensuring stable rental income from a diverse tenant base. With a Net Operating Income (NOI) of $430,620 and a strong cap rate of 10.27%, this turnkey investment offers modern construction and reliable cash flow for investors seeking a secure and profitable asset.

FOR SALE DETAILS

PRICE

$4,190,000 USD

PRICE/SF

$154 USD /SF

CAP RATE

10.28%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Premiere Industrial complex

PROPERTY TYPE

Industrial

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

UTILITIES

Heating - Electric

CLEAR CEILING HT

10 Ft

DOCKS

-

DRIVE INS

-

PARKING SPACES

34

LAND DETAILS

LAND ACRES

8.94

LAND SF

389,426

ZONING

R3

APN/PARCEL ID

SCAR-000037R-000000-000027

ASK ABOUT THIS PROPERTY

Thomas GadboisF. O. Bailey Real EstateMore Info
207-409-8339

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Thomas GadboisF. O. Bailey Real EstateMore Info
207-409-8339

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.