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77 Sewall St

21,600 SF 100% Leased Office Building Augusta, ME 04330 £2,327,550 (£108/SF) 9.08% Net Initial Yield

Investment Highlights

  • Class A Office Building
  • 2± minutes from Maine Turnpike/I-95, Exit 109A
  • Located in the heart of the Capitol District
  • Cap Rate : 8.5%

Executive Summary

We are pleased to offer this three-story, 21,936 SF Class A office building for sale. The property is fully leased with approximately 80% of the leases being long-term State of Maine leases. The property is within walking distance to the State Capitol building and approximately 2 miles from Maine Turnpike/I-95, Exit 109A.

Attachments

77 Sewall Street, Augusta_Sale Brochure

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
21,600 SF
Building Class
B
Year Built
1996
Price
£2,327,550
Price Per SF
£108
Net Initial Yield
9.08%
NOI
£211,342
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
Typical Floor Size
8,666 SF
Slab to Slab
10 ft
Building FAR
0.49
Land Acres
1.00 AC
Zoning
CB
Parking
65 Spaces (3.01 Spaces per 1,000 SF Leased)
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Walk Score ®
Very Walkable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number AUGU-000027-000092 Improvements Assessment £1,426,600
Land Assessment £190,708 Total Assessment £1,617,308

PROPERTY TAXES

Parcel Number
AUGU-000027-000092
Land Assessment
£190,708
Improvements Assessment
£1,426,600
Total Assessment
£1,617,308
(207) 773-7100

  • Listing ID: 31890709

  • Date on Market: 22/05/2024

  • Last Updated:

  • Address: 77 Sewall St, Augusta, ME 04330

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© 2024 CoStar Group

77 Sewall St
(207) 773-7100 x

77 Sewall St

Frank O'Connor

(207) 773-7100

(207) 773-7100

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