CBRE | The Boulos Company has completed the sale of 15 Enterprise Dr. brokered by Dan Greenstein and Chris Paszyc, CCIM. This two-story, 51,000 s/f medical office building on 3.68 acres is leased in its entirety to MaineGeneral Medical Center. The property was developed as a build-to-suit project for MaineGeneral in 2011 by Lot 18 LLC, an Augusta-based developer, and is known as the MaineGeneral Musculoskeletal Center. The center provides general orthopedic surgery, X-ray assessment, treatment and rehabilitation services, sports medicine and rehabilitation therapists all under one roof. It is located off Civic Center Drive near MaineGeneral Medical Center, a $322 million hospital which opened in November 2013.
After listing the property for sale in the fall, Greenstein and Paszyc utilized CBRE's marketing platform to reach both local and national investors. According to Greenstein, there was significant interest upon initial marketing. "The investment offering was well-received in the national marketplace. There is a strong appetite for single tenant net-leased investment properties both locally and nationally, and we identified several interested parties."
MMAC Acquisition Corp, a Florida corporation, ultimately purchased the building for $14.7 million. The buyer was represented by Eric Tompkins of CBRE | Global Investors.