2 Delorme Dr Yarmouth, ME 04096-7002
This exceptional investment opportunity presents a fully leased, Class A mixed-use office building totaling 119,665 square feet, situated on approximately 5.6 to 41.2 acres of land in Yarmouth, Maine. The property, built in 1997 and featuring a modern lobby with Class A finishes, boasts a three-story building with a 100% occupancy rate. The property includes a newly completed Magno Terra Cafe, a fitness center, and a training gym, enhancing its appeal and functionality. Strategically located off Exit 17 of I-295, this highly visible property enjoys excellent access to downtown Portland (approximately 10 minutes away). The primary tenant is Garmin (GRMN), a publicly traded company listed on the New York Stock Exchange, providing a stable and secure income stream. This value-add opportunity includes the potential for further development on additional land parcels (three separate parcels available for purchase), offering significant potential for increased income and return on investment. The property is zoned C - Commercial and features one building. The legal description is APN 035-002, and the ownership is held by Global Village Limited Liability. This is a truly exceptional opportunity for investors seeking a high-quality, fully leased asset in a thriving market.
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DBN HOLDING Telecommunications Service
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Blue Lobster Real Estate Real Estate Agency
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Garmin IT Consulting Firm Data Center
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Shelby Trained Gym & Fitness Center
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Magno Terra Cafe Take-out & Catering Catering Service
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
21 · Yarmouth, MECosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.