Capital Properties, LLC Acquires 151.5K SF Industrial Portfolio In Portland, Auburn & Bangor, ME For $14.55M

392 Warren Avenue, 420 Warren Avenue, 80 Kittyhawk Avenue, 37 Godsoe Road & 400 Warren Avenue

$14,550,000

$19/SF

Building Size

757,350 SF

Asset Type

Industrial

Closing

Nov 9, 2023

AI

The $14.55 million sale of a five-building industrial portfolio in Portland, Auburn, and Bangor, ME has been facilitated by Malone Commercial Brokers. The portfolio, totaling 151,470 square feet, was acquired by Capital Properties, LLC.

Summary of transaction details

Property Type: Industrial
Transaction Amount: $14,550,000
Address: 392, 400 & 420 Warren Avenue, 80 Kittyhawk Avenue & 37 Godsoe Road
Market: Portland, Auburn & Bangor, ME
Buyer: Capital Properties, LLC
Buyer's Representative: Brandon Mitchell - Malone Commercial Brokers
Seller's Representatives: Sylas Hatch & TC Haffenreffer - The Dunham Group

Malone Commercial Brokers played a key role in the successful acquisition of this industrial portfolio by Capital Properties, LLC. The five-building portfolio offers a total of 151,470 square feet of space and was sold for $14.55 million.

Players