Portland s Financial District. Overview FOR SALE RETAIL/OFFICE BUILDING 6-8 CITY CENTER, PORTLAND, MAINE

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1 FOR SALE RETAIL/OFFICE BUILDING Portland s Financial District Overview 6-8 City Center is a well know 4-story retail and office building with a mix of granite and brick architecture and interesting interior designs. The building is located in the Monument Square area, the heart of the financial district and directly across from 1 City Center, Portland s flagship office tower. This represents the prime district for attorneys, accountants and professionals seeking a signature address and proximity to banks, court houses, restaurants and hotels. The building features four main floors along with an improved basement level, on the Spring Street side, which is home to a popular night club. The first floor on the City Center side has a fine art gallery with valuable pieces often sold around the world along with an upscale men s hair salon. The upper three floors are professional office spaces with the third and fourth floors currently available for an owner/user. The upper two floors were long occupied by the law firm of Friedman and Gaythwaite. The current owner began some renovations on the upper two floors in preparation for leasing the space. The owner already improved spaces on the first and second floors to accommodate new tenants. Building Type: Elevator: 4-story retail and office building Yes Building Size: 28,047± SF Site Size: Zoning: Floors: # / Tenants: ± acre NOI: $ 154,414 B-3 Downtown Bus. Dist, First Floor - 6,255± SF Second Floor 6,255± SF Third Floor 4,641± SF Fourth Floor 4,641± SF Lower Level 6,255± SF JOHN DOYON, CCIM direct direct fax MALONE COMMERCIAL BROKERS 5 Moulton Street Suite 3 Portland, ME main

2 Building Features Well-known mixed use building across from 1 City Center and a short walk from Monument Square. Prime location for attorneys, accountants and professionals seeking proximity to banks, courthouses, restaurants and hotels. Four main floors plus improved basement level. Upper three floors are professional office space. First floor tenants are a fine art gallery and upscale men s hair salon. Basement level tenant is popular night club (via 3 Spring Street entrance). Improvements include: elevator car re-done, updated spaces for fine art gallery and second floor offices. Parking facilities and lots nearby. Contact Us JOHN DOYON, CCIM direct direct fax 5 Moulton Street Suite 3 Portland, ME main This document has been prepared by Malone Commercial Brokers for advertising and general information only. Malone Commercial Brokers makes no guarantees, representations or warranties of any kind, expressed or implied, regarding, but not limited to, warranties of content, accuracy, and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Malone Commercial Brokers excludes unequivocally all informed or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages there from. All data is subject to change of price, error, omissions, other conditions or withdrawal without notice. Malone Commercial Brokers is acting as the Seller s/lessor s agent in the marketing of this property.

3 Property Summary ADDRESS: 6-8 City Center, Portland, Maine OWNER: ACCESS: SITE SIZE: ZONE: TOTAL BLDG. SF: STORIES: ELEVATOR: Chase Custom Homes & Finance, Inc. From Congress & Spring Streets 0.18± acre B-3 Downtown Bus. District 28,047± SF (all building and floor sizes are approximate and per city records) 4 (not counting an improved basement level) Yes - one FLOOR SIZES: First Floor - 6,255± SF Second Floor 6,255± SF Third Floor 4,641± SF Fourth Floor 4,641± SF Lower Level 6,255± SF BUILT: Circa 1866 CONSTRUCTION: EXTERIOR: ROOF: LIGHTING: HVAC: HOT WATER: SPRINKLER: ELECTRICITY: RESTROOMS: SIGNAGE: WATER & SEWER: IMPROVEMENTS: PARKING: Brick/timber frame it appears Brick/granite Rubber and shingles (not verified) Spot quartz and parabolic Split heat pump systems (9 total) with electric reheat coils and with air handlers hung in the spaces above the ceiling. The handlers include DX coils and electric resistance coils for second stage heating. This information is from Pine State Services which did major upgrades according to the owner. Fuel: Oil and electric. Electric Yes, wet system amps (confirm with electrician) 1-2 per space Lobby directory Municipal The owner has re-done the elevator car as well as the space for tenants: Tom Veilleux Gallery, Pan Atlantic and Aphrodite. The Men s Room space was improved before his ownership. A nearby surface lot currently has 15 spaces available. Other spaces available in downtown parking garages. MAP/LOT: Map 32, Block P, Lot 4 ASSESSED VALUE: Building: $ 1,995, Land: $ 348, TOTAL: $ 2,303, R. E. TAXES: $44,701 (2013) SALE PRICE: $ 2,199,000.00

4 Additional Photos Exterior Second Floor

5 Additional Photos Third & Fourth Floors View from 3rd floor deck

6 First & Second Floor Plans

7 Third & Fourth Floor Plans

8 3 Spring Street / Basement Floor Plan

9 Aerial & Map 6-8 City Center s central location in Portland s Financial District also makes it convenient to parking facilities, Monument Square, Downtown and Old Port districts. 1 mi 6-8 City Center

10 Rent Roll JOHN DOYON, CCIM direct direct fax MALONE COMMERCIAL BROKERS 5 Moulton Street Suite 3 Portland, ME main

11 Income & Expenses JOHN DOYON, CCIM direct direct fax MALONE COMMERCIAL BROKERS 5 Moulton Street Suite 3 Portland, ME main

12 Proforma For Owner/User Occupying the Top Floor JOHN DOYON, CCIM direct direct fax MALONE COMMERCIAL BROKERS 5 Moulton Street Suite 3 Portland, ME main

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