Office Building Investment

Office for Sale
Catylist Listing ID: 30124870
Property Subtypes: Executive Suites, Governmental, High-Tech, Institutional, Medical, Mixed Use, Flex Space, Net Leased, Office Building, Research & Development, Other
Building Size (RSF): 44,141 SF
Gross Building Area: 14,141 SF
Gross Land Area: 1.41 Acres
Sale Price: $1,695,000
Unit Price: $38.40 PSF
Ceiling: 9 ft.
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: One Weston Court
Class of Space: Class B
Usable Size (USF): 41,141 SF
Sale Terms: Cash to Seller
Last Updated: 11/22/2017

Overview / Comments

We are pleased to present One Weston Court, a 44,141+/- SF office building centrally located across from the courthouse in downtown Augusta, with easy access from the state government campus and two blocks from the rotary/Rt 202. Three floors of office space (incl. basement storage area), with units from 1,200–9,400 SF, plus kitchenettes, conference rooms, atrium, on-site parking & on-site mgmt. Favorable cap rate on existing income. Tenants include Spectrum Generations, Market Street Settlement, Maine Center for Economic Policy, Hayes Law Offices and others. Financials available.

Attachments & Media

Additional Details

Nearest MSA: Augusta-Waterville
County: Kennebec
Submarket Type: Central Business District
Tax ID/APN: AUGU-000033-000171A
Zoning: BP
Property Visibility: Good
Highway Access: Two blocks from Rt. 202
Airports: Augusta State Airport
Site Description: Level, open
Area Description: Augusta is the capital of Maine, with a population of 19,136 at the 2010 census. It's located on the Kennebec River in central Maine.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1900
Roof Type: Flat
Construction/Siding: Brick, Steel Frame, Vinyl Siding
Parking Type: Surface
Parking Description: Paved on-site parking. Approximately 110 spaces in main lot, with additional 36+/- in lot on corner of Weston and Court St.
Total Parking Spaces: 143
Passenger Elevators: 1
Sprinklers: Wet
Heat Type: Oil
Air Conditioning: Engineered System
Zoning Description: Institutional/Business/Professional Subdistrict (BP). (1) Purpose. The BP District is an area for major health and government institutions and related business and professional offices with locations suitable for the growth of each. The following regulations shall also apply to the BP Zone located generally between 200 and 250 Eastern Avenue. (2) Dimensional requirements for all uses. (a) Impervious surface ratio: 0.95. (b) Floor area ratio: 0.74. (c) Maximum height: 42 feet. (d) Density: 2,500 square feet of land area per dwelling unit.
Lot Frontage: 820
Lot Depth: 350
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Easements Description: Right of way

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,145 17,075 28,465
Median Age: 38.23 43.99 43.99
Households: 2,552 8,101 12,799
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