
Biddeford, Maine
Asset Type: Industrial Warehouse, Real Estate Investment
Building Size: 28,119 sqft. | 3.44 acres
- Full description below -
Biddeford, Maine
🌟 Prime Cannabis Investment Opportunity in Biddeford, Maine! 🌿
💰 Investment Highlights:
- Exceptional tenant financial profile with personal guarantee.
- Cutting-edge electrical upgrades in 2021, including backup generators.
- State-of-the-art security system for peace of mind.
- Robust power capacity of 3200 Amps available.
- Recent installation of dedicated water line from the street.
- Full building sprinkler system enhances safety.
- Potential for an additional 20,000 SF expansion.
🏢 Executive Summary: Welcome to a visionary 28,119± square foot recreational grow facility. This cutting-edge space is meticulously designed with laboratory-grade fit-up, in partnership with one of Maine's premier cannabis companies. A lease backed by strong guarantees and escalators over the 9-year term ensures a secure investment.
📋 Property Facts:
- Price: $3,800,000
- Price Per SF: $135
- Sale Type: Investment NNN
- Cap Rate: 9%
- Property Type: Industrial
- Subtype: Manufacturing
- Building Class: B
- Lot Size: 3.44 AC
- Rentable Building Area: 28,119 SF
- Stories: 1
- Year Built: 1985
- Tenancy: Single
- Parking Ratio: 1.09/1,000 SF
- Clear Ceiling Height: 14 FT
- Dock-High Doors/Loading: 1
- Drive In / Grade-Level Doors: 3
🌱 Thriving Investment: This opportunity offers a secure and lucrative path into the cannabis industry, backed by an esteemed tenant. With a forward-looking expansion potential and top-tier facilities, this property sets the stage for a rewarding venture. For more information, explore the attached Offering Memorandum. Your gateway to success awaits! 🚀🌟
Market Intelligence Property
This opportunity is included as part of GreenZones' ongoing coverage of cannabis commercial real estate activity in this market.
View the complete market overview, licensing data and additional opportunities:
Developing Markets Intelligence → https://www.greenzones.us/developing-markets
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