Auburn, ME | 10% CAP Rate – Office Max | Significant Upside Potential

Agent Info

Dante Hargis

248.702.0289
dhargis@encorereis.com

Deno Bistolarides

248.702.0288
denob@encorereis.com

Brandon Hanna

248.702.0290
bhanna@encorereis.com

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Offering Information

89 Union St
Auburn, ME 04210

  • Price: $2,937,500
  • Cap. Rate: 10.00%
  • NOI: $293,750
  • Building Size: 23,748SF
  • Lot Size: 2.47 AC

Investment Highlights

  • Subject Property is 23,748 SqFt Situated on 2.47 Acres
  • Office Max Operates Under a 20 Year Net Lease with (4) Five Year Options
  • Double Net Lease: Minimal Landlord Responsibilities
  • Corporate Guarantee - OfficeMax and Office Depot combined in 2013
  • Rental Increases in Option Periods
  • Surrounding National Retailers Include CVS, Rite Aid, Denny’s, Hannaford Super Market, Auburn Savings Bank, Dominos and Many More
  • Auburn and Lewiston are known locally as the Twin Cities
  • Office Max is Located In a Convenient Downtown Location Surrounded by Office Space and Retail