West Gardiner Self Storage Facility Sold for $2.13 Million

17 Town House Road, West Gardiner

Malone Commercial Brokers is pleased to announce the sale of a newly constructed 26,000± square foot self-storage facility located at 17 Town House Road in West Gardiner, Maine. The 7.5± acre property with 5 storage unit buildings sold to 17 Town House Road, LLC from West Gardiner Self Storage, LLC for $2,134,000.

Completed in April 2023, the self-storage complex features all new buildings with a newly paved lot finished in August 2023. The facility is situated in a prime location along the busy Town House Road corridor.

Brandon Mitchell of Malone Commercial Brokers represented the seller, while Jordan Stolt of Summit Real Estate represented the buyer in the transaction that closed on May 1, 2024.

“We were very pleased to facilitate the sale of this top-quality self-storage facility,” said Brandon Mitchell. “The self-storage industry continues to experience significant popularity. The brand-new construction and demand for self-storage facilities made this a highly desirable investment opportunity.”

Mitchell is quickly gaining recognition in the self-storage industry. He currently has several self-storage facility listings. Contact Brandon for more information on other opportunities he has available.

The Comeback Champions: MBC Ballahs Strike Gold at MEREDA's Strikes for Scholars

After the disappointment of last year's second place finish, the MBC Ballahs weren't going to let that happen again. Our team of bowling enthusiasts had their game faces on and their eyes firmly set on the first place prize at this year's MEREDA Strikes for Scholars event.

And boy did they deliver! The Ballahs showed up in full force, channeling their inner professional bowlers to knock down pins left and right. An absolutely stellar performance from everyone on the team, spearheaded by MVP Susan Sawicki's blistering hot score of 160. The competition was blown away by the sheer power and precision of our rolls.

When the final frames were bowled, the MBC Ballahs had reclaimed their rightful place at the top of the Strikes for Scholars podium. The comeback was complete in decisive fashion.

While we may joke that bowling is serious business at MBC, the truth is we just love any opportunity to get together, have some fun, and support great causes like Strikes for Scholars. Bringing real estate professionals together for friendly competition that benefits the community is a win in itself. Knowing the funds raised go towards supporting students pursuing careers in construction trades and professions? That's the real MVP result.

Hats off to the entire MBC Ballahs team and MEREDA for another fantastic Strikes for Scholars tournament. We'll be defending that first place title hard again next year!

New Site Expands Waterstone's Medical Footprint in Westbrook

40 Park Road, Westbrook

Waterstone Properties Group Inc. is doubling down on Westbrook's healthcare boom with their recent $3.45 million acquisition of 40 Park Road - a 30,200 sq ft medical office building about 2 miles from their Rock Row medical campus.

Mark Malone of Malone Commercial Brokers represented the buyer, Waterstone, in the deal, while Drew Sigfridson of Boulos Co. represented the seller Northern Light Health's Mercy Hospital.

"The process is well underway to determine the highest and best use for this property," Josh Levy, Waterstone's CEO, told Mainebiz.

The 40 Park Road property had been utilized by Mercy for administrative offices before they consolidated space elsewhere. The nearly 5-acre site provides an ideal opportunity for Waterstone to develop new community-focused healthcare offerings close to Rock Row.

While usage plans are still being determined, the "building is in excellent condition, just waiting to be reimagined for community service health care," Levy said. The goal is to complement the 200,000 sq ft Rock Row Medical & Research Campus currently taking shape.

This anchor campus will offer integrated, patient-centric care with tenants like New England Cancer Specialists along with primary care, imaging, therapy and other specialty practices. "As always, we are committed to Westbrook in the long term and want to invest in other parts of the community, in addition to Rock Row," he said.

With key deals like 40 Park Road, Waterstone is solidifying Westbrook as a major suburban healthcare destination alongside their transformative Rock Row development. Stay tuned for more on their plans!

Read full MaineBiz article HERE