B AYHOUSE R ETAIL P ORLTAND P ENINSULA E ASTERN W ATERFRONT A REA F OR LEASE SALE New retail units are offered on the first floor of the Bay House, a Metropolitan-style two-building project under construction at Hancock and Middle Streets. The development will include two buildings joined by an entrance to underground parking. Each building will be 5 stories with residential condominiums offered on the upper floors and three retail units on the first floor of each building. For more information: Joe Malone, CCIM (207) 773-2554 direct (207) 358-7911 direct fax joe@malonecb.com Jennifer Small (207) 772-6871 direct (207) 358-7918 direct fax jennifer@malonecb.com MALONE Commercial and Investment Real Estate Malone Commercial Brokers, Inc. 5 Moulton Street Portland, Maine 04101 (207) 773-2554 direct (207) 772-2422 office www.malonecb.com
B AY HOUSE RETAIL EASTERN WATERFRONT AREA P ROPERTY SUMMARY LOCATION: Hancock and Middle Streets Portland, Maine OWNER/LANDLORD: ZONE: The Village at Ocean Gate LLC B-3 Business Zone TOTAL SITE SIZE: 1.11± acres MAP/LOT: Map 20, Block E, Lot 9 BUILDINGS: STORIES: CONSTRUCTION: EXTERIOR: USE: (2) buildings connected by underground parking entrance 5 stories each Stick built Brick, fiber cement, clapboard 1st Floor: Retail (upper stories are residential condominiums) RETAIL SPACE: South Building: (2) units at ± SF (1) unit at 949± SF North Building:: 980± SF 946± SF 932± SF LEASE RATE: NNN EXPENSES: SALE PRICE: AVAILABLE: BROKERS: $ 20.00 PSF Triple Net (NNN) To be determined, currently under construction $ 200.00 PSF Upon construction completion Joe Malone, CCIM (207) 773-2554 direct (207) 358-7911 direct fax joe@malonecb.com Jennifer Small (207) 772-6871 direct (207) 358-7918 direct fax jennifer@malonecb.com U NITS SUMMARY INTERIOR FINISHES: Delivered in a vanilla shell: Sheet rocked wall Electrical to code Building standard flooring allowance Building standard lighting allowance Life safety items in place HVAC: Gas-fired system WATER & SEWER: Municipal RETAIL UNITS OFFERED: (Also see floor plans) South Building: S-101 - ± SF S-102-949± SF S-103 - ± SF North Building: N-101-980± SF N-102-946± SF N-103-932± SF Malone Commercial Brokers, Inc., is representing the Seller in the marketing, negotiation, and sale and/or lease of this property. While information furnished is from sources deemed reliable, no warranty or representation, express or implied, is made as to the accuracy of information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principals.
The Bay House project is being constructed on a 1.11± acres parcel at the corner of Hancock and Middle Streets. SITE MIDDLE ST
B AY H OUSE RETAIL EASTERN WATERFRONT A REA SOUTH BUILDING South Building 949 $ 200.00 PSF or $189,800 NORTH BUILDING 980 $ 200.00 PSF or $196,000 946 $ 200.00 PSF or $189,200 932 $ 200.00 PSF or $186,400 North Building
B AY H OUSE RETAIL EASTERN WATERFRONT A REA SOUTH BUILDING South Building 949 $ 200.00 PSF or $189,800 NORTH BUILDING 980 $ 200.00 PSF or $196,000 946 $ 200.00 PSF or $189,200 932 $ 200.00 PSF or $186,400 North Building
B AY HOUSE RETAIL EASTERN WATERFRONT AREA P ROPERTY SUMMARY SUBJECT The City s Ocean Gateway has 3,000 linear feet of deep water berthing and a 21,000 SF state-ofthe-art terminal. The $20+ million dollar project incorporates open space and public access along the waterfront. A total of 58 cruise ships are slated to dock beginning in June through October this year with an estimated 71,000± passengers disembarking from 9 to 12 hours according to the 2013 Berthing Schedule. Cruise Ship Terminal and Event Venue The Bay House project is in Portland s eastern waterfront area, one of the earliest settled parts of the city. India Street (to the south of the subject site) is a transitional corridor from the historic Old Port District and the eastern waterfront. Middle Street, which runs parallel with Newbury Street, has a block of some of the best restaurants in Portland (Hugo s, Pepper Club, Ribollitta s, Duckfat, The East Ender). This part of the peninsula has seen a great deal of new development in the past 5 years and continues to do so now. New hospitality development in the past 5 years includes the Residence Inn Marriott at Fore and Hancock Streets and the recently opened Hampton Inn with Sebago Brewing Company at the corner of Fore and Franklin Streets (the former Jordan s Meats site). AREA STATISTICS R A D I U S 2012 Population 2012 Group Quarters Population 3 mile 5 mile 7 mile 64,910 2,592 103,701 3,284 134,938 3,671 2012 Households 30,923 46,824 59,679 2012 Median Household Income $ 42,169 $ 47,328 $ 50,139 2012 Median Age 37.4 38.7 39.8 Source: U.S. Census Bureau, Census 2010, Esri forecast for 2012.
SUBJECT SITE MALONE Commercial and Investment Real Estate Malone Commercial Brokers, Inc. 5 Moulton Street Portland, Maine 04101 Brokers: Joe Malone, CCIM (207) 773-2554 direct (207) 772-2422 office joe@malonecb.com www.malonecb.com Jennifer Small (207) 772-6871 direct (207) 772-2422 office jennifer@malonecb.com www.malonecb.com