Latest News + Transactions — Maine Commercial Real Estate

Predictable Revenue from National Tenant for 1031 Exchange

John Doyon, CCIM of Malone Commercial Brokers represented the buyer in the purchase of this former Rite Aid, now a Walgreens, in Gray, Maine. Horvath & Trembly (Lynnfield, Mass.) represented the seller. The purchase price was $6.6 million. Read more in Laurie Schreiber’s article in Mainebiz.

Built in 2008, the property comprises a 14,673-square-foot retail store with a drive-through on 2.83 acres. It’s located just off Exit 63 on I-95 at the junction of Route 202 in Gray.

Built in 2008, the property comprises a 14,673-square-foot retail store with a drive-through on 2.83 acres. It’s located just off Exit 63 on I-95 at the junction of Route 202 in Gray.

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High Demand for Flex Units

The new Mill Brook Business Center in Saco offers industrial flex condominium units across three buildings on a 3.7-acre site within the larger 70-acre Mill Brook Business Park. The units have been marketed by Mike Anderson of Malone Commercial Brokers. Unit sizes range from 1,520 to 3,477 SF, with 17-ft ceilings. Each comes with a bathroom, office, drive-in garage and a basic finish. Read more about Mill Brook Business Center in Laurie Schreiber’s column in Mainebiz.

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