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Properties

Scarborough Property
SOUTHBOROUGH PROPERTY
S. PORTLAND, ME


 
Description

Investment Date: October 2003

Investment Cost: $17 Million

Improvement Cost: $3 Million

Current Value: $16.2 Million

Sale Date: N/A

IRR: N/A
300 Southborough is a 115,926 SF office building located outside Portland, ME. Property is currently leased out by a AAA credit rated tenant.

Strategy

300 Southborough was acquired to lease up the property to Triple AAA credit tenant for 10 year lease and sell the two vacant lots. The lots have been sold and the lease up activity is very active.

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