2
Bangor, Maine — Marcus & Millichap has arranged the $12.5 million sale of a BJ’s Wholesale Club located in the central Maine community of Bangor. The building is situated on 13 acres and totals 91,828 square feet. Recent upgrades to the property include a complete interior and exterior renovation, and the addition of a new roof and a gas and propane filling station. The property is double-net-leased with scheduled rent increases every five years. Adam Cohen and Brett Kilar of Marcus & Millichap represented the undisclosed seller and procured the buyer, a nationally recognized real estate investment trust, in the transaction. Thomas Shihadeh is the firm’s broker of record in Maine.