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419 Hill St
Biddeford, ME 04005
Industrial Property For Sale
Investment Highlights
- Exceptional tenant financial profile and personal guarantee
- All new electrical in 2021, including back-up generators, state-of-the-art security system, 3200 Amps of power available
- New dedicated water line run from street and full building sprinkler system installed in 2021
- Expansion potential for an additional 20,000 SF
Executive Summary
419 Hill Street in Biddeford, Maine is a 28,119± square foot state-of-the-art recreational grow facility that boasts laboratory-grade fit-up with one of the top-tier cannabis companies in the State of Maine. The lease is secured with strong guarantees and strong escalators throughout the remaining 7-year term.
Property Facts
| Sale Type | Investment NNN | No. Stories | 1 |
| Cap Rate | 9.50% | Year Built | 1985 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Manufacturing | Parking Ratio | 1.09/1,000 SF |
| Building Class | B | Clear Ceiling Height | 14’ |
| Lot Size | 3.44 AC | No. Dock-High Doors/Loading | 1 |
| Rentable Building Area | 28,119 SF | No. Drive In / Grade-Level Doors | 3 |
| Zoning | I2 | ||
| Sale Type | Investment NNN |
| Cap Rate | 9.50% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Lot Size | 3.44 AC |
| Rentable Building Area | 28,119 SF |
| No. Stories | 1 |
| Year Built | 1985 |
| Tenancy | Single |
| Parking Ratio | 1.09/1,000 SF |
| Clear Ceiling Height | 14’ |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 3 |
| Zoning | I2 |
Property Taxes
| Parcel Number | BIDD-000074-000000-000009 | Improvements Assessment | $3,544,992 CAD |
| Land Assessment | $343,170 CAD | Total Assessment | $3,888,161 CAD |
Property Taxes
Parcel Number
BIDD-000074-000000-000009
Land Assessment
$343,170 CAD
Improvements Assessment
$3,544,992 CAD
Total Assessment
$3,888,161 CAD
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