Brunswick Industrial Building For
For Sale
Contact for pricing
43 Bibber Parkway, Brunswick, ME 04011
102,000 SF industrial building on 7.78 acres, 83% occupied.
Property Size102,000 SF
Lot Size7.78 Acres
Price / SF$78.38
Days on Market3299
Property Features for 43 Bibber Parkway
General Information
Standard status
Active
Size
102,000 SF
Class
A
Lot size
7.78 Acres
Property subtype
Industrial
Zoning
Business and Industrial (I-2)
Occupancy
83%
Lease Type
NNN
Investment Type
Value Add
Building Details
Year Built
2007
Stories
18
Tenancy
Multi
Listing Agency:
The Dunham Group
Listed By:
TC Haffenreffer · License #ME SA918905
Source:
Crexi
Added: Aug 1, 2017
Changed: Aug 8
Last Checked: Aug 10 at 1:42PM
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 Dunham Group
Investment Insights
Based on property information with market context.
Located at 43 Bibber Parkway in Brunswick, Maine, this Class-A industrial building offers 102,000 square feet of space on a 7.78-acre lot. The building is currently 83% occupied by two tenants. The remaining space is high bay clear span space offered for lease. Situated in the Brunswick Industrial Park, the property benefits from its proximity to Route One and I-295, Exit 28, providing convenient access to major distribution and business hubs in Maine, including Portland, Lewiston, Augusta, and Bangor. The location is suitable for Tier 4 cannabis cultivation. The Southern Maine industrial market has experienced significant growth over the past 5 years, driven by e-commerce, life science, and last-mile distribution. The Brunswick Industrial Park's central location facilitates access to I-295 and I-95.
Key Highlights
- Class‑A, 102,000± SF industrial building in Southern Maine's rapidly growing industrial market.
- 83% occupied by two tenants providing immediate income.
- Located in a zone that allows for Tier 4 cannabis cultivation.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$652,708
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$13,054,160
$13.1M
Cap Rate 7%
$9,324,400
$9.3M
Cap Rate 9%
$7,252,311
$7.3M
Market Conditions
NOI Build-Up for 102,000 SF
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.
Gross rent
$967.0K $9.48/SF
− Vacancy
−$34.5K −$0.34/SF
EGI
$932.4K $9.14/SF
− OpEx
−$279.7K −$2.74/SF
NOI
$652.7K $6.40/SF
Area
Cumberland County, ME
Vacancy
3.57%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$13,054,160
Cap Rate 7%
$9,324,400
Cap Rate 9%
$7,252,311
Alternative Uses
Best Use
Industrial
$9.32M
$8.16M – $10.88M
NOI $652,708 @ 7.0% cap · market cap 8.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$28.03M
$24.53M – $32.71M
NOI $1,962,434 @ 7.0% cap · market cap 24.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
79
Businesses Nearby
Explore this area
Business Placement
Demographics for 04011, ME
21,756
Population
9,440
Households
2.3
Avg Household Size
44
Median Age
52%
College-Educated
96%
High-School Grad
46.8 sq mi
ZIP Area
465
Density / Sq Mi
$74,102
Median Household Income
$40,075
Median Earnings
$1,341
Median Rent
$343,600
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Industrial property - 102,000 SF industrial building on 7.78 acres, 83% occupied.
Where is this industrial property located?
The property is located at 43 Bibber Parkway Brunswick, ME.
What is the asking price?
The asking price for this property is $7,995,000.
What are key features of this property?
This property features: Class‑A, 102,000± SF industrial building in Southern Maine's rapidly growing industrial market.; 83% occupied by two tenants providing immediate income.; Located in a zone that allows for Tier 4 cannabis cultivation.
