174 Cash St South Portland, ME 04106-6228

This exceptional investment opportunity presents a 34,421-square-foot, single-tenant industrial flex building located at 174 Cash St, South Portland, ME 04106. Currently 100% occupied by Sea Bags, LLC, a well-established brand with over 50 retail locations nationwide, the property boasts a strong 10-year NNN lease in place upon sale, ensuring immediate and long-term cash flow. The asking price is $4,600,000, representing a compelling 7.10% cap rate based on a Net Operating Income (NOI) of $327,000. Built in 1944, this one-story building sits on a 2.07-acre lot zoned INR - Non-Residential Industrial, offering significant potential for future expansion or subdivision. The property benefits from a prime location within a sought-after South Portland industrial park, providing easy access to major highways I-295 and I-95. The $9.50 per square foot lease rate reflects current market conditions in the Greater Portland area, where industrial vacancy rates are exceptionally low, currently hovering around 1%. This sale-leaseback transaction offers investors a secure, high-yield asset with a stable, long-term tenant and significant upside potential. The building's previous use as a multi-tenanted facility suggests adaptability for future diversification, should the need arise. This is a rare opportunity to acquire a well-located, fully leased industrial property with a strong tenant and attractive financial metrics.