Industrial Investment Opportunity - Single Tenant Sale Leaseback

174 Cash St, South Portland, ME 04106

  • For Sale $4,600,000
  • Property Type Industrial - Flex - Industrial
  • Property Size 34,421 SF
  • Units 1
  • Lot Size 2.07 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Single Tenant
  • Year Built 1944
  • Date Updated Nov 17, 2024
  • Fire Sprinklers Other
  • HVAC Other
South Portland is a vibrant and diverse Southern Maine community, located on picturesque Casco Bay and home to northern New England's largest shopping center.The Boulos Company is pleased to present this 100% single-tenant occupied manufacturing facility in South Portland, Maine. The property is currently owner-occupied by Sea Bags, LLC, a recognizable brand producing bags and accessories from recycled sail cloth with over 50 retail locations nationwide. Sea Bags will be entering into a ten-year lease upon the sale of this asset, securing investors a net-leased industrial asset at an attractive yield.

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Highlights

  • Fully Leased Asset: Sea Bags, LLC will be entering into a long-term, NNN lease with new ownership. Suggested lease rate of $9.50/SF.
  • Prime Location: Located in a sought-after industrial park in South Portland, with easy access to both I-295 and I-95.
  • Functional Building Features: While currently 100% leased to a single tenant, the building was previously operated as a multi-tenanted building and lends itself to potential future subdivision.
  • Long-Term Stability: Ten-year lease term to commence immediately upon the sale of the asset.
  • Strong Market Fundamentals: The industrial sector in Greater Portland has seen a tightening in vacancy rates over the last 5 years. Vacancy rates are currently hovering around 1%.
  • This property is being offered at an asking price of: $4,600,000.

Contacts

broker

Jonathan Rizzo

The Boulos Company

Location

Getting Around

  • Walk Score ®

    48/100 Car-Dependent

  • Transit Score ®

    22/100 Minimal Transit

  • Bike Score ®

    58/100 Bikeable
Powered by Walk Score ®
  • City South Portland, ME
  • Neighborhood Cash Corner
  • Zip Code 04106
  • Market Portland ME

Points of Interest

  • Portland

    2.04 miles

  • Mobil

    0.93 miles

  • Irving

    0.95 miles

  • Citgo

    1.63 miles

  • Cumberland Farms

    2.12 miles

  • 7-Eleven

    2.21 miles

  • Fabian

    2.47 miles

  • Tesla Supercharger

    2.93 miles

  • ChargePoint

    8.59 miles

  • VA Outpatient Clinic garage

    1.78 miles

  • Cell Phone Lot

    2.06 miles

  • Maine Medical Center Garage

    2.13 miles

  • Angelo's Acre

    2.28 miles

  • Spring Street Parking Garage

    2.54 miles

  • Monument Square Parking Garage

    2.66 miles

  • USM Surrenden Street Parking Garage

    2.67 miles

  • Elm Street Parking Facility

    2.77 miles

  • Pink Lot

    2.95 miles

  • Pearl Street Parking Garage

    2.95 miles

  • Dairy Queen

    0.43 miles

  • China Xpress

    0.55 miles

  • Docks Seafood

    0.59 miles

  • Amato's

    0.62 miles

  • Domino's

    0.65 miles

  • Coppersmith Tavern and Table

    0.90 miles

  • Guerrero Maya Mexican Restaurant

    1.41 miles

  • Willow's Pizza

    1.49 miles

  • Elevation Burger

    1.61 miles

  • Buffalo Wild Wings

    1.65 miles

  • Marshalls

    1.88 miles

  • The Shops at Clark's Pond

    1.89 miles

  • Save-A-Lot

    1.95 miles

  • Union Station Plaza Shopping Center

    1.97 miles

  • Hong Kong Market

    2.09 miles

  • Hannaford

    2.12 miles

  • Cornerbrook Shopping Center

    2.24 miles

  • JCPenney

    2.26 miles

  • Shaw's

    2.34 miles

  • Jetport Plaza

    2.34 miles

  • South Portland Fire Department Cash Corner

    0.38 miles

  • Walgreens

    0.50 miles

  • South Portland Fire Department Engine 6

    0.57 miles

  • Passport Health South Portland Travel Clinic

    0.61 miles

  • Mercy Hospital - Fore River Campus

    1.65 miles

  • South Portland Police Department

    1.67 miles

  • South portland Fire Department Central Station

    1.69 miles

  • Portland Fire Department Air Rescue Station

    1.90 miles

  • South Portland Fire Department Western Avenue

    1.91 miles

  • MaineHealth Surgery Center

    1.95 miles

Frequently Asked Questions

How much does Industrial Investment Opportunity - Single Tenant Sale Leaseback cost?

The space currently listed for sale at Industrial Investment Opportunity - Single Tenant Sale Leaseback asks for $4,600,000.

What is the total square footage of Industrial Investment Opportunity - Single Tenant Sale Leaseback?

Industrial Investment Opportunity - Single Tenant Sale Leaseback totals 34,421 square feet.

When was this property built?

Industrial Investment Opportunity - Single Tenant Sale Leaseback was built in 1944.

Looking for more in-depth information on this property?

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Contact Listing Broker

broker

Jonathan Rizzo

The Boulos Company