PRIME RETAIL/OFFICE UNITS PROPERTY HIGHLIGHTS + + 1,642-11,542± sf + + Exceptionally well located mixed-use building + + Marginal Way frontage and high exposure to I-295 + + End-cap option available + + Rare opportunity for retail, office and medical users to join anchor tenant ConvenientMD + + Close to I-295 on/off ramps The Boulos Company One Canal Plaza, Ste 500 207.772.1333 www.boulos.com
PROPERTY OVERVIEW Marginal Way has been renovated into a Class A, single-story mixed-use development with an exceptional location just off the Marginal Way/Franklin Arterial/I-295 on/off ramps. The building can accommodate tenants from 1,642-11,542± sf and provide tenants with the unique opportunity to lease a highly visible site at the entrance to Portland s downtown. Nearby national businesses include Whole Foods, ConvenientMD, Hannaford Bros., Trader Joe s, EMS, Walgreens, West Marine and others. In addition, several existing and planned office buildings surround the site as well as a proposed 450± unit apartment development recently approved by the City which abuts the property to the rear. This redevelopment is truly a unique opportunity for the tenant in search of high visibility and an abundance of on-site parking. PROPERTY DETAILS Location Frontage Just seconds from (and within view of) I-295 and the Franklin Arterial Marginal Way Water/Sewer Utilities Zoning Area Retailers Availabilities Municipal Electricity - Separately metered Natural Gas - On site B7 - Mixed Use Development Whole Foods, Hannaford Bros., Trader Joe s, Walgreens, Planet Fitness, AT&T, Eastern Mountain Sports, Verizon Wireless and Gorham Savings Bank to name a few 1,642-11,542± sf (Available units are approximately 76 deep with varying widths) Lease Rate $39.00/sf NNN Real Estate Taxes (Current) $1.91/sf
BUILDING PLAN Unit C 2,400± sf Unit 1 1,642± sf Unit 2 1,964± sf Unit 3 1,889± sf Unit 4 1,931± sf Available units are approximately 76 deep. Unit 5 1,716± sf
SITE PLAN A B C D E F G H VVS ARCHITECTS ARCHITECTURE INTERIOR DESIGN 264 US Route One Box 6, Suite 100-2A Scarborough ME 04074 OFFICE: 207 774 4441 CWSARCH.COM 1 1 D E S I G N E R 2 2 O W N E R EARL W. NOYES & SONS C/O PAUL URENECK 4600 MAYFLOWER HILL WATERVILLE, ME 04901 T: 207-859-4617 CVVS ARCHITECTS ARCHITECTURE INTERIOR DESIGN 264 U.S. ROUTE ONE BOX 6, SUITE 100-2A SCARBOROUGH, MAINE 04074T: 207-774-4441 F: 207-774-4016 WWW.CWSARCH.COM 3 Mechanical 85± SF P R O J E C T RETAIL CENTER PORTLAND, MAINE 04101 3 4 UNIT C 2,400± SF UNIT 1 1,642± SF UNIT 2 1,964± SF UNIT 3 1,889± SF UNIT 4 1,931± SF UNIT 5 1,716± SF D R A W I N G FLOOR PLAN CWS PROJECT NUMBER: 15.063 4 5 R E V I S I O N S 5 REFERENCED FROM: SCALE: 3/32" = 1'-0" DRAWING NUMBER A1.01 SCALE: 3/32" = 1'-0" DATE: 03/15/2017
MARKET OVERVIEW PORTLAND, MAINE The historic city of Portland has established itself as the business, financial, medical and retail capital of the state of Maine. It is a progressive, lively city with strong historical significance, modern office buildings, and a diverse local food and art community. Portland s cobblestoned streets and historic architecture blend seamlessly with the newer, more modern developments and evolving social scene that attracts many to this vibrant city every year. Just a short walk from these historic urban settings, you ll find beautiful seaside parks with sprawling views of Casco Bay and the surrounding islands. With a metro population of 230,000, the Greater Portland area is home to nearly one quarter of Maine s total population. The population of the city is 66,363. A popular tourism destination, Portland welcomes more than 3.6 million tourists each year. Portland s residents are known to be easy-going and hardworking people. The city receives national praise for being one of the nation s most pleasant cities and ranks among the best places to live, work, visit, and raise a family in the US. Top Ten Places to Live Now Men s Journal Best City for Young Professionals Forbes Magazine America s Foodiest Small Town Bon Appetit World s Best City for Craft Beer Matador Network Top Ten Best Last-Minutes Summer Getaways Traveler
MARKET DEMOGRAPHICS DEMOGRAPHIC BRIEF POPULATION 1 MILE 3 MILES 5 MILES 10 MILES 2017 Population - Current Year Estimate 20,717 73,298 112,761 179,934 2022 Population - Five Year Projection 21,541 75,449 116,234 186,387 2010 Population - Census 19,449 70,420 108,031 170,779 2000 Population - Census 19,261 68,786 103,830 161,162 2010-2017 Annual Population Growth Rate 0.87% 0.55% 0.59% 0.72% 2017-2022 Annual Population Growth Rate 0.78% 0.58% 0.61% 0.71% HOUSEHOLDS 2017 Households - Current Year Estimate 10,767 34,564 50,765 76,791 2022 Households - Five Year Projection 11,199 35,606 52,353 79,572 2010 Households - Census 10,132 33,198 48,645 72,903 2000 Households - Census 9,979 32,318 46,384 68,015 2010-2017 Annual Household Growth Rate 0.84% 0.56% 0.59% 0.72% 2017-2022 Annual Household Growth Rate 0.79% 0.60% 0.62% 0.71% 2017 Average Household Size 1.81 2.04 2.16 2.27 HOUSEHOLD INCOME 2017 Average Household Income $54,649 $70,002 $76,124 $85,704 2022 Average Household Income $68,868 $84,396 $89,963 $99,358 2017 Median Household Income $34,242 $51,196 $55,153 $61,506 2022 Median Household Income $47,793 $62,766 $66,495 $73,139 2017 Per Capita Income $29,205 $33,640 $34,781 $37,093 2022 Per Capita Income $36,587 $40,448 $41,022 $42,930 HOUSING UNITS 2017 Housing Units 11, 930 37, 366 55, 335 84, 556 2017 Vacant Housing Units 1,163 9.7% 2,802 7.5% 4,570 8.3% 7,765 9.2% 2017 Occupied Housing Units 10,767 90.3% 34,564 92.5% 50,766 91.7% 76,791 90.8% 2017 Owner Occupied Housing Units 1,620 13.6% 13,601 36.4% 24,485 44.2% 44,028 52.1% 2017 Renter Occupied Housing Units 9,147 76.7% 20,963 56.1% 26,281 47.5% 32,763 38.7% EDUCATION 2017 Population 25 and Over 15, 316 53, 909 81, 790 129, 238 HS and Associates Degrees 6,717 43.9% 23,992 44.5% 37,489 45.8% 60,022 46.4% Bachelor's Degree or Higher 7,044 46.0% 26,414 49.0% 39,293 48.0% 62,159 48.1% PLACE OF WORK 2017 Businesses 2,820 4,997 7,602 10,260 2017 Employees 40,055 74,532 121,973 158,545 2018 CBRE. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Source: Esri Page 1 ProjectID:290253
l Prop o sed eria rt in A kl n Fra Mar park gina l Wa ing gara ge & 450 y Stud ent ±u nit a part men t bu ildin g Hou sing CONTACT US GREG BOULOS Partner +1 207 772 1333 T +1 207 871 1288 F gboulos@boulos.com SAM MARINKO Associate +1 207 772 1333 T +1 207 871 1288 F smarinko@boulos.com 2018 The Boulos Company, Inc. - We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction. We represent the Seller/Landlord, and, as such, has a fiduciary duty to disclose to the Seller/Landlord information which is material to the Sale/Lease, acquired from the Buyer/Tenant or any other source, except in cases of disclosed dual agency. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. The Boulos Company One Canal Plaza, Ste 500 207.772.1333 www.boulos.com