Marcus & Millichap Closes Sale Of 91,828 Square Foot Retail Property In Bangor For $12.46M

The property asset involved in this transaction is a retail location at 110 Longview Drive in Bangor, ME. The sale price for this asset was $12,460,350, and it encompasses 91,828 square feet situated on 13 acres. The property features a long-term NN lease with rent escalations occurring every five years, strategically located within Bangor's primary retail corridor.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $12,460,350
• Sale Date: 02/03/2025
• Address: 110 Longview Drive
• Market: Bangor, ME
• Square Footage: 91,828
• Price Per Square Foot: $136
• Acres: 13

The transaction was facilitated by brokers Adam Cohen and Brett Kilar from Marcus & Millichap, representing the seller in the deal. The buyer was identified as a national REIT, highlighting their involvement in acquiring this property in a key retail location.