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Premiere Industrial complex 398 School St 27,240 SF 100% Leased Industrial Building Berwick, ME 03901 $5,767,661 CAD ($211.73 CAD/SF) 10.28% Cap Rate
Investment Highlights
- 27,240± SF across five newly constructed industrial buildings.
Executive Summary
Premiere industrial investment opportunity in Southern Maine featuring 27,240± square feet across five newly constructed industrial buildings. The property is fully leased to 14 separate tenants, all licensed marijuana cultivation operators, ensuring stable rental income from a diverse tenant base. With a Net Operating Income (NOI) of $430,620 and a strong cap rate of 10.27%, this turnkey investment offers modern construction and reliable cash flow for investors seeking a secure and profitable asset.
Property Facts
| Price | $5,767,661 CAD | Lot Size | 8.94 AC |
| Price Per SF | $211.73 CAD | Rentable Building Area | 27,240 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 10.28% | Year Built | 2018 |
| Property Type | Industrial | Parking Ratio | 1.25/1,000 SF |
| Building Class | C | Clear Ceiling Height | 10’ |
| Zoning | R3 | ||
| Price | $5,767,661 CAD |
| Price Per SF | $211.73 CAD |
| Sale Type | Investment |
| Cap Rate | 10.28% |
| Property Type | Industrial |
| Building Class | C |
| Lot Size | 8.94 AC |
| Rentable Building Area | 27,240 SF |
| No. Stories | 1 |
| Year Built | 2018 |
| Parking Ratio | 1.25/1,000 SF |
| Clear Ceiling Height | 10’ |
| Zoning | R3 |
Amenities
- Air Conditioning
Utilities
- Heating - Electric
1 1
Not walkable
10/100
Exceptionally drivable
100/100
Not bikeable
10/100
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Premiere Industrial complex | 398 School St
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