Central Maine Market Forecast

Central Maine
Market Forecast
2015
Central Maine
Market Forecast
2015
bed·room
com·mu·ni·ty
A suburban town that
offers residents the ability
to commute to, and
enjoy the amenities of
urban areas.
Residents often choose bedroom
communities because of affordability relative
to living closer to the city and lower
perceived crime.
1,500,000
1,000,000
500,000
Maine Population
bed·room
com·mu·ni·ty
A suburban town with
little to no major
employment center(s) to
call its own.
Residents often choose bedroom
communities because of affordability relative
to living
closer to the city and lower
0
1980
2000
2010
2013
perceived
crime.1990
Central Maine Deals
2014
Central Maine Deals
385 Rodman Rd, Auburn
5,000 SF LEASED
Agren Appliance
15,000 SF LEASED
Overhead Door Corp.
Central Maine Deals
Gendron Dr, Lewiston
7,800 SF LEASED
Lane Construction
70 Commercial St, Lewiston
6,500 SF LEASED
New England Crane
Central Maine Deals
170 Summer St, Lewiston
6,000 SF LEASED
Rockingham Electric
1 Atlantis Way, Lewiston
10,336 SF SOLD
Private Investor from TD Bank
Central Maine Deals
2085 Lisbon St, Lewiston
23,950 SF SOLD
Private Investor
103 Park St, Lewiston
8,880 SF SOLD
Cross Insurance
Central Maine Deals
Poland Crossing, Poland
20,170 SF SOLD
California based Private Investor
807 Minot Ave, Auburn
4.07 Acres SOLD
Dollar General Store Site
Central Maine Deals
62 Spring St, Auburn
23,950 SF SOLD
Auburn Housing Authority
10-37 Avon St, Lewiston
6.50 Acres SOLD
Private Investor
Opportunities
2015
Opportunities
Affordable Housing
Opportunities
New Housing
Opportunities
BUILDINGS
UNITS
Opportunities
Multi-units 5+
12-14%
Cap Rates
$20,680
Average Unit Price
Opportunities
Vacancy Rates
Continue
Collection Factor
As Economy Improves
Unit Values
Over Next 12 to 24
Months
Opportunities
Auburn Mall Area
Opportunities
Industrial Distribution
40% of Population
Live within an hours drive
Easy Access
North, South, East & West
Opportunities
Exit 80
Foreign
Exit 75Trade Zone #263
Opportunities
Exit 75
86 Acres Available
Kittyhawk
35,000 SF Under
Construction
Kittyhawk
4 Lots Available
Opportunities
Lewiston Junction
42 Acres Available
Gendron Dr
Lots & Build Packages Available
Alfred Plourde Pkwy
Lots & Build Packages
Available
Opportunities
Riverfront Island
Opportunities
Bates Mill 700,000 SF
360k SF
80k SF
Opportunities
Bates Mill #5 360,000 SF
210K SF
Opportunities
Opportunities
Opportunities
Opportunities
199 Lisbon St
Market Rate Housing & Retail
Lincoln St
Mixed Use Development
Park & Lisbon Sts
Over 100,000 SF
Movers & Shakers
2014
Movers & Shakers
Jason Levesque
CEO Argo Marketing Group
Movers & Shakers
Kevin Bunker
Founding Principal of Developers Collaborative
P re s e n t e d b y
Kevin Fletcher, CCIM
for
MEREDA’s
2015 Annual Forecast Conference