Single-Tenant Industrial
202 Industrial Park St
202 Industrial Park St, Pittsfield, ME 04967
Listing Price: $6,400,000
Investment Overview
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%.
Walpole Outdoors, LLC is a leading designer, manufacturer, and installer of high-quality outdoor structures and products. The New England-based company operates multiple locations throughout the Northeast and Florida.
Their product lines include cedar fencing, pergolas, arbors, gates, and outdoor furniture, along with custom designs in cedar and low-maintenance cellular vinyl. The company serves both residential and commercial clients with a strong emphasis on craftsmanship
Investment Highlights
- ±18.5-year, net-leased industrial investment opportunity
- 2.50% annual rental escalations
- Absolute Net lease structure | Zero landlord responsibilities
- Tenant: Walpole Outdoors, LLC | 24 locations in 12 states
- Supply-constrained industrial submarket | Zero construction and minimal vacancy within 10-mile radius
- Immediate access to Interstate-95 (I-95)
Exclusively Listed By
Broker of Record
-
Thomas Shihadeh
Managing Director, Market Leader - New England
Listing Price: $6,400,000
Investment Highlights
- ±18.5-year, net-leased industrial investment opportunity
- 2.50% annual rental escalations
- Absolute Net lease structure | Zero landlord responsibilities
- Tenant: Walpole Outdoors, LLC | 24 locations in 12 states
- Supply-constrained industrial submarket | Zero construction and minimal vacancy within 10-mile radius
- Immediate access to Interstate-95 (I-95)
Investment Overview
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%. Walpole Outdoors, LLC is a leading designer, manufacturer, and installer of high-quality outdoor structures and products. The New England-based company operates multiple locations throughout the Northeast and Florida. Their product lines include cedar fencing, pergolas, arbors, gates, and outdoor furniture, along with custom designs in cedar and low-maintenance cellular vinyl. The company serves both residential and commercial clients with a strong emphasis on craftsmanship
Exclusively Listed By
Broker of Record
-
Thomas Shihadeh
Managing Director, Market Leader - New England