Medical Office Building For
21 Enterprise Dr Augusta, ME
21 Enterprise Dr, Augusta, ME, 00000
Contact for pricing
For Sale
Contact for pricing
Class A medical office building fully leased to MaineGeneral Medical
Property Size18,407 SF
Lot Size3.77 Acres
Price / SF$374.86
Days on Market734
Property Features for 21 Enterprise Dr
General Information
- Standard status
- Active
- Size
- 18,407 SF
- Lot size
- 3.77 Acres
- Property subtype
- OFFICE
Listing Agency
The Boulos Company
(207) 939-4147
Listed by
Christopher Paszyc, CCIM, SIOR
(207) 939-4147
Source
Moodyscre
Added: Jul 17, 2024 Updated: Jul 6 at 9:45 am Checked: Jul 19 at 4:20 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Boulos Company
Investment Insights
Based on property information with market context.
This is an 18,407 square foot Class A medical office building. It is fully leased to MaineGeneral Medical Center through December 31, 2028. The property includes 120 parking spaces. It is conveniently located near Civic Center Drive Interstate Exit 112 and MaineGeneral’s medical campus. The property features annual rental increases. The cap rate is 8.5%.
Key Highlights
- Fully‑leased to MaineGeneral Medical Center thru 12/31/2028
- 8.5% Cap Rate
- 18,407±sf Class A Medical Office Building
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $397.6k | $21.60 |
| − Vacancy | −$50.7k | −$2.75 |
| EGI | $346.9k | $18.85 |
| − OpEx | −$86.7k | −$4.71 |
| NOI | $260.2k | $14.14 |
18,407 SF · lease $21.60/SF/yr · vacancy 12.74% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.72M
$3.25M – $4.34M
NOI $260,204 @ 7.0% cap · market cap 3.77%
Second Best
Healthcare Medical
$3.56M
$3.11M – $4.15M
NOI $249,078 @ 7.0% cap · market cap 3.61%
Theoretical Best
Warehouse
$27.46M
$24.03M – $32.04M
NOI $1,922,302 @ 7.0% cap · market cap 27.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
MaineGeneral Horizon Clinic
Medical Clinic
Axis Worldwide
Telecommunications Service
Emily Gendreau
Physician
State Of Maine Federal ...
Atm
Megan Evans
Physician
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FAQs
What type of property is this?
Medical Office Space - Class A medical office building fully leased to MaineGeneral Medical
Where is this medical office space located?
The property is located at 21 Enterprise Dr Augusta, ME.
What is the asking price?
The asking price for this property is $6,900,000.
What are key features of this property?
This property features: Fully‑leased to MaineGeneral Medical Center thru 12/31/2028; **8.5% Cap Rate**; **18,407±sf Class A Medical Office Building**
