Marcus & Millichap is pleased to present the sale offering of 202, 400 and 409 Industrial Park Street, a three-building single-tenant absolute net leased industrial investment opportunity in Pittsfield, Maine. The opportunity is located within a supply-constrained market boasting minimal vacancy and offers immediate access to Interstate-95. The buildings sit approximately 35 miles west of Bangor, Maine, less than a 40-minute drive. The purchase of this offering presents an investor with the opportunity to own an industrial asset with zero landlord responsibilities in a supply-constrained market with. At the current list price of $6,400,000 the investment offering will generate an in-place net operating income of $518,582 in Year 1, which equates to a capitalization rate of 8.10%.
LEASE STRUCTURE
» 20-Year Absolute Net Lease
» Commence: August 26, 2024
» Expiration: August 25, 2044
» 2.50% Annual Rental Escalations
» Four (4) 5-Year Renewal Options