For Sale
Call for price

2 Delorme DrYarmouth, ME 04096

119,665 SF, 100% Leased, Value-Add

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fully leased, Class A mixed-use office building totaling 119,665 square feet, situated on approximately 5.6 to 41.2 acres of land in Yarmouth, Maine. The property, built in 1997 and featuring a modern lobby with Class A finishes, boasts a three-story building with a 100% occupancy rate. The property includes a newly completed Magno Terra Cafe, a fitness center, and a training gym, enhancing its appeal and functionality. Strategically located off Exit 17 of I-295, this highly visible property enjoys excellent access to downtown Portland (approximately 10 minutes away). The primary tenant is Garmin (GRMN), a publicly traded company listed on the New York Stock Exchange, providing a stable and secure income stream. This value-add opportunity includes the potential for further development on additional land parcels (three separate parcels available for purchase), offering significant potential for increased income and return on investment. The property is zoned C - Commercial and features one building. The legal description is APN 035-002, and the ownership is held by Global Village Limited Liability. This is a truly exceptional opportunity for investors seeking a high-quality, fully leased asset in a thriving market.

Highlights

  • Fully leased office building offering a premium investment opportunity with strong financials and a prime location.
  • Secure income stream from a solid tenant base, including anchor tenant Garmin (GRMN), a NYSE-listed company.
  • Adjacent land parcels available for acquisition and development to enhance investor returns.

Property Details for 2 Delorme Dr

Property type
Office properties, Office space
Square Feet
119,665 SF
Class
A
Year Built
1997
Buildings
1
Stories
3
Lot Size (sq. ft)
243,936 SF

Location Insight

City
Yarmouth
County
Cumberland
State
Maine
Latitude
43.80793677428
Longitude
-70.163877067086
2 Delorme Dr, Yarmouth, Maine

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2 Delorme Dr
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