Office in Prominent Business District
14 Gabriel Drive
Augusta, ME 04330
Asking:
$2,350,000
NOI
$180,216
Cap Rate
7.67%
Property Overview
Office Building
14 Gabriel Drive presents a prime investment opportunity in Augusta, ME, featuring a high-quality office building fully leased to TRC Engineers through 1/1/2027. TRC has master-leased this property 2009 and currently subleases the 1st floor to Kennebec Pharmacy.
Strategically located in a prominent business district, the property boasts a range of attributes that make it an attractive and lucrative investment for discerning buyers, including its stability of income and modern layout. This property is well- positioned to deliver both immediate and long-term yield.
Population
19k
Male
48%
Female
52%
Higher Education
27%
Median Household Income
$40.4k
Median Property Value
$149.5k
Property Details
SQUARE FOOTAGE:
20,000 SF
OCCUPANCY:
100%
DEED:
Book 14528 / Page 287
ACREAGE:
2.11 Acres
FRONTAGE:
240 Feet
FINANCIALS:
See Broker