16 GODFREY DR

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16 GODFREY DR

ORONO, ME 04473-3610
Asking Price
$149K
Asset Type
Distribution Office
Class
Class B

What's Special

Rare opportunity to develop 3.55 acres in Orono’s thriving technology, office, and industrial corrid <p>Orono serves as a major employment center within the Bangor metropolitan area, hosting more than 6,300 jobs and benefiting from the economic influence of the University of Maine, one of the state’s leading research institutions and employers. The area offers a highly educated workforce, with more than 54% of adults holding at least a four-year degree, creating strong demand and support for professional office, technology, engineering, research, and innovation-driven businesses. </p><p></p>

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NOI
$80,000
Cap Rate
53.69%
DSCR
9.04
Strong
Cash-on-Cash
159.18%
Monthly Payment
$737.171
Annual Cash Flow
$71,153.952

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