Industrial Investment Opportunity - Single Tenant Sale Leaseback

For Sale

174 Cash St, South Portland, ME 04106

This South Portland property for sale is located at 174 Cash St. The current listed sale price for Industrial Investment Opportunity - Single Tenant Sale Leaseback is $4,600,000. Industrial Investment Opportunity - Single Tenant Sale Leaseback is situated on a lot that is 2.07 acre in size.

Contacts

broker

Jonathan Rizzo

The Boulos Company

Property Details

  • 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 Sep 19, 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.

Attachments

Getting around

  • 48/100

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  • 22/100

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  • 58/100

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Location

  • 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

  • Crystal Clean Car Wash

    1.60 miles

  • Enterprise

    2.69 miles

  • U Car Share

    3.06 miles

  • Portland's Ultimate Car Wash

    3.53 miles

  • Classy Chassie Car Wash

    4.29 miles

  • Scrub-a-Dub Auto Wash Centers

    4.39 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

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Jonathan Rizzo

The Boulos Company