18-24 Mollison Way 100,000 SF Specialty Building Offered at $5,489,862 CAD in Lewiston, ME 04240

18 & 22 Mollison Way is a two-story, multi-tenant office/recreation property totaling 59,592 square feet of net rentable area on a 7.33 acre site, plus a 1.19± acre vacant development site in Lewiston, Maine. Constructed in 1991 of concrete block and steel construction, the building is in well-maintained condition and experienced many new upgrades in recent years. The property is currently 77% occupied by local and regional tenants including Just-In-Time Recreation, Sweetser Services, and Health Care Resource Centers (HCRC) who have all made long-term commitments to the building and community. The value-add opportunity to the rent roll exists through absorption of the 13,486 SF 2 floor finished office/assembly space which is accessed by an elevator and event staircase.

The Lewiston-Auburn area has seen a steady job market. Major sectors contributing to employment include healthcare, manufacturing, education, and retail. The presence of institutions like Central Maine Medical Center, Bates College, Central Maine Community College and several other establishments fosters stability in the local economy. The overall cost of living in Lewiston and Auburn is generally lower than Southern Maine. This affordability makes it appealing for businesses to operate in the region, as expenses related to office space, wages, and utilities are comparatively lower. Per square foot rents for office inventory ranges from $15.00- 20.00/SF MG, with cost-basis ranging from $75 to $150 per square foot depending on location, overall quality, parking, and interior programming

We are offering 18 & 22 Mollison with an asking price of $3,945,000. We will conduct tours as requested and offers will be considered on a rolling basis.