Old Port Buildings

Location: Portland, ME
Type: Mixed Use
Price: $ 4,600,000

Old Port Buildings is a 49,567 SF mixed-use, retail and multi-family property, located in the Old Port District of the City of Portland, Maine. The Property consists of six multi-story buildings, with 34,767 SF of first-floor retail and 9 multi-family units (14,800 SF) on the upper floors. The Property was built in 1900 and was last renovated in 2007. It is currently 87.3% leased to nine retail and six multi-family tenants. SMC’s $4,600,000 loan financed the Sponsor’s purchase of the Property from an Auction.com sale.