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
Biddeford Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
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