For Sale
$2,350,000

14 Gabriel Dr Augusta, ME 04330

High-yield office building, prime Augusta location.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a 20,000 square foot traditional office building located at 14 Gabriel Drive, Augusta, Maine, 04330. The property is fully leased to TRC Engineers until January 1, 2027, providing immediate and substantial cash flow. TRC Engineers have held a master lease since 2009, currently subleasing the first floor to Kennebec Pharmacy. This ensures a stable income stream and a strong tenant base within a prominent Augusta business district. The building offers a modern layout and is priced at $2,350,000, representing a compelling $117.50 per square foot. The property boasts a 7.67% capitalization rate and a pro-forma net operating income (NOI) of $180,216, making it an attractive prospect for investors seeking both immediate return and long-term growth potential. This well-positioned asset offers a secure investment with a proven track record of consistent performance. The property's strategic location and strong tenant occupancy make it an ideal addition to any commercial real estate portfolio.

Highlights

  • 20,000 SF traditional office building in Augusta, ME.
  • Fully leased to TRC Engineers until January 1, 2027, generating substantial cash flow.
  • First floor subleased to Kennebec Pharmacy.
  • Priced at $2,350,000 ($117.50/SF).
  • 7.67% capitalization rate and $180,216 pro-forma NOI.

Property Details for 14 Gabriel Dr

Property type
Office properties
Square Feet
20,000 SF

Location Insight

City
Augusta
County
Kennebec
State
Maine
Latitude
44.368180024243
Longitude
-69.795088505625

FAQs

What type of property is this?
Office property - High-yield office building, prime Augusta location.
Where is the office property located?
The property is located at 14 Gabriel Dr Augusta, ME.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: 20,000 SF traditional office building in Augusta, ME.; Fully leased to TRC Engineers until January 1, 2027, generating substantial cash flow.; First floor subleased to Kennebec Pharmacy.
How can I contact the broker?
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14 Gabriel Dr
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