Technical
Financial
Distress signals
Property profile

90 Spencer Dr Wells, ME 04090

OFF-MARKET
Warehouses
400,000 SF 41.08 ac lot Built 1999
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Property summary

AI-generated overview

This exceptional 44,626 square foot warehouse space is situated within the thriving Wells Business Park, offering unparalleled convenience and accessibility. Located just half a mile from Maine Turnpike, Exit 19, this property boasts a strategic location for efficient logistics and distribution. The warehouse itself features eight loading docks, ensuring smooth and efficient operations, and a generous 30-foot ceiling height, providing ample vertical storage capacity. Constructed with durable pre-cast concrete and steel, this building is built to last. The property sits on a substantial 41.08 acres of land, offering potential for future expansion or development. The Wells Business Park is home to a variety of established businesses, including a UPS Customer Center, Shaw's Distribution Center, and a VELUX Commercial facility, creating a strong and supportive business community. This multi-tenant building offers a total of 400,000 square feet of industrial space, reflecting the scale and potential of this prime location. The property is zoned for Light Industrial use, providing flexibility for a range of businesses. This is a rare opportunity to secure a well-maintained, strategically located warehouse space in a thriving business park. The combination of size, location, and amenities makes this an ideal choice for businesses seeking efficient and reliable warehouse solutions. The property's robust construction and ample space provide a solid foundation for growth and success.

Property profile

Verified
Property type Warehouses
Year built 1999
Total area 400,000 SF
Lot 41.08 ac (1,789,445 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Home Decor Store Department Store
  • Big Box & Wholesale Store

Location

90 Spencer Dr Wells, ME 04090
Wells metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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