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Single-Tenant Industrial

202 Industrial Park St

202 Industrial Park St, Pittsfield, ME 04967

Listing Price: $6,400,000

Cap Rate
8.10%
Gross SF
99,716
Price/Gross SF
$64.18
Lot Size
18.00 acres
Year Built
1979
Rentable SF
99,716

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

    (617) 896-7220

    License(s) ME: DB927980

    Maine

Single-Tenant Industrial

202 Industrial Park St

Listing Price: $6,400,000

Cap Rate
8.10%
Gross SF
99,716
Price/Gross SF
$64.18
Lot Size
18.00 acres
Year Built
1979
Rentable SF
99,716

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

    (617) 896-7220

    License(s): ME: DB927980

    Maine

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