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19 Pomerleau Street Biddefo...

Venture Solar Leases 10,000 SF Industrial Facility In Biddeford, Maine
LEASEDIndustrial

Venture Solar Leases 10,000 SF Industrial Facility In Biddeford, Maine

19 Pomerleau Street Biddeford, Maine 04005, USA

Building Size

10,000 SF

Asset Type

Industrial

Closing

Sep 1, 2023

AI

Venture Solar has leased a 10,000-square-foot industrial facility located at 19 Pomerleau Street in Biddeford, ME. The property, owned by MEC Realty, Inc., will serve as the company's inaugural presence in Maine. Venture Solar plans to utilize the space for both office and warehouse purposes.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not provided
  • Address: 19 Pomerleau Street, Biddeford, ME
  • Market: Biddeford, ME
  • Square Footage: 10,000

The lease deal was facilitated by Claire Richardson and Noah Stebbins of The Boulos Company, acting as Venture Solar's brokers in the transaction.

Players

Noah Stebbins

The Boulos Company

Broker

$7.9M

vol

3 deals

Broker

Biddeford Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93