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MALONE COMMERCIAL BROKERS 5 Moulton Street, Portland, ME 04101 207.772.2422 main www.malonecb.com CHERI BONAWITZ CCIM, BROKER 207.210.6638 direct [email protected] KAREN RICH BROKER 207.210.6637 direct [email protected] EXCLUSIVE INVESTMENT OPPORTUNITY | CAPITAL CITY ONE WESTON COURT | AUGUSTA, MAINE 44,000+ SF OFFICE COMPLEX GREAT CAP RATE

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Page 1: EXCLUSIVE INVESTMENT OPPORTUNITY | CAPITAL CITY · EXCLUSIVE INVESTMENT OPPORTUNITY | CAPITAL CITY ONE WESTON COURT | AUGUSTA, MAINE AREA STATISTICS 3 Miles 5 Miles 10 Miles Total

MALONE COMMERCIAL BROKERS

5 Moulton Street, Portland, ME 04101

207.772.2422 main

www.malonecb.com

CHERI BONAWITZ

CCIM, BROKER

207.210.6638 direct

[email protected]

KAREN RICH

BROKER

207.210.6637 direct

[email protected]

EXCLUSIVE INVESTMENT OPPORTUNITY | CAPITAL CITY ONE WESTON COURT | AUGUSTA, MAINE

44,000+ SF OFFICE COMPLEX • GREAT CAP RATE

Page 2: EXCLUSIVE INVESTMENT OPPORTUNITY | CAPITAL CITY · EXCLUSIVE INVESTMENT OPPORTUNITY | CAPITAL CITY ONE WESTON COURT | AUGUSTA, MAINE AREA STATISTICS 3 Miles 5 Miles 10 Miles Total

This document has been prepared by Malone Commercial Brokers for advertising and general information only. Malone Commercial Brokers makes no guarantees, representations or warranties of any kind, expressed or implied, regarding, but not limited to, warranties of content, accuracy, and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Malone Commercial Brokers excludes unequivocally all informed or implied terms, conditions and warranties arising out of this document and

excludes all liability for loss and damages there from. All data is subject to change of price, error, omissions, other conditions or withdrawal without notice. Malone Commercial Brokers is acting as the Seller’s/Lessor’s agent in the marketing of this property. 5.23.18

ONE WESTON COURT |

HIGHLIGHTS

TENANTS

State of Maine Dept. of Corrections

Living Innovations

Maine Center for Economic Policy

Maine Conference of the

United Church of Christ

Maine Coalition to End Domestic Violence

Market Street Settlement Group

Lynda Flood

Hayes Law Offices

Partnership for Health

Kimberly & Jeremie Wesberget

116 State St

Quirion Insurance Agency

Kristin Gustafson

Lipman & Katz

Dolores Burgess

Spectrum Generations

This 44,141± SF office building is centrally located across from the courthouse in

Downtown Augusta. It has easy access from the State government campus and

is only 2 blocks from the Route 202 rotary.

BUILDING FOOTPRINT

WESTON

CH

AP

EL

COURT

The building has three floors of office space with suite sizes from 1,200 SF

to 9,400 SF.

Features and amenities include: kitchenettes, conference rooms, work areas,

atrium, basement storage area.

Ample on-site parking plus additional corner lot across the street.

Spectrum Generations agrees to a 5 year sale/leaseback for approximately

10,000 SF.

Page 3: EXCLUSIVE INVESTMENT OPPORTUNITY | CAPITAL CITY · EXCLUSIVE INVESTMENT OPPORTUNITY | CAPITAL CITY ONE WESTON COURT | AUGUSTA, MAINE AREA STATISTICS 3 Miles 5 Miles 10 Miles Total

This document has been prepared by Malone Commercial Brokers for advertising and general information only. Malone Commercial Brokers makes no guarantees, representations or warranties of any kind, expressed or implied, regarding, but not limited to, warranties of content, accuracy, and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Malone Commercial Brokers excludes unequivocally all informed or implied terms, conditions and warranties arising out of this document and

excludes all liability for loss and damages there from. All data is subject to change of price, error, omissions, other conditions or withdrawal without notice. Malone Commercial Brokers is acting as the Seller’s/Lessor’s agent in the marketing of this property. 5.23.18

ONE WESTON COURT |

ADDRESS: One Weston Court, Augusta, Maine 04330

LAND AREA: 1.41± acres

ZONE: BP (Institute/Business/Professional District

BUILDING SIZE: 44,141± SF

AVAILABLE SF: Approximately 4,000± SF

BUILT: 1900

CONSTRUCTION: Steel frame

EXTERIOR: Brick, vinyl siding

LEVELS: 3

ELEVATOR: Yes

ELECTRICAL:

HVAC: Oil-fired FHA and Central A/C

WATER & SEWER: Public

SPRINKLER: Wet system

PARKING: On site

ASSESSED VALUE: $1,834,200 (2018)

REAL ESTATE TAXES: $37,381 (2017)

DEED REFERENCE: Kennebec Co. Registry of Deeds Book 8063, Page 107

MAP & LOT #: Map 33, Lot 171A

PROPERTY SUMMARY

SALE PRICE: $1,695,000.

Portion of Augusta Tax Map 33

WESTON ST.

INGRESS/EGRESS

** INCOME & EXPENSES AVAILABLE UPON REQUEST **

Page 4: EXCLUSIVE INVESTMENT OPPORTUNITY | CAPITAL CITY · EXCLUSIVE INVESTMENT OPPORTUNITY | CAPITAL CITY ONE WESTON COURT | AUGUSTA, MAINE AREA STATISTICS 3 Miles 5 Miles 10 Miles Total

EXCLUSIVE INVESTMENT OPPORTUNITY | CAPITAL CITY ONE WESTON COURT | AUGUSTA, MAINE

AREA STATISTICS 3 Miles 5 Miles 10 Miles

Total Residential Population 16,822 25,712 52,918

Total Households 7,986 11,720 23,162

Average Household Income $51,173 $55,772 $61,336

Total Businesses 1,728 2,237 3,079

Total Employees 32,572 44,457 53,001

Source: U.S. Census Bureau, Census 2010 Summary File 1, Esri forecast for 2017, InfoGroup Inc.

CALL KAREN OR CHERI FOR FURTHER DETAILS

& TO ARRANGE A PROPERTY TOUR

CHERI BONAWITZ

CCIM, BROKER

207.210.6638 direct

[email protected]

KAREN RICH

BROKER

207.210.6637 direct

[email protected]

SUBJECT

TRAFFIC COUNTS

Source: 2017 Kalibrate Technologies