Downtown Class A Office Space

Office for Lease
Also listed as Retail-Commercial
Catylist Listing ID: 30538021
Property Subtypes: Executive Suites, Office Building, Other
Contiguous Space: 350 - 33,211 SF
Total Available: 41,052 SF
Building Size (RSF): 195,000 SF
Gross Building Area: See Agent
Gross Land Area: 1.59 Acres
Lease Rate: $10,200 - 462,000 (Annual)
$26 - 30 PSF (Annual)
Base Monthly Rent: $850 - 38,500
Lease Types: Gross Lease, Modified Gross
In Opportunity Zone? Yes
Class of Space: Class A
Last Updated: 9/30/2022

Overview / Comments

195,000 SF, high-profile, Class A office located in Downtown Portland
2,711 sf to 38,289 sf available (plus a 4,780 sf first-floor retail/office suite)
Easy access from I-295 via Franklin Arterial
Close proximity to Portland’s Old Port - walker's paradise with a walkability score of 99
Includes 1.3 parking spaces per 1,000 sf of leased space
Lease Rate: $26.00-30.00/SF MG (Includes HVAC - Tenant pays electricity)
Lobby Café space also available for lease. See broker for details.

Expand All 5 Spaces Available

Suite: 1st Floor East Tower - Retail/Office Suite 4,780 SF $30 PSF (Annual) Modified Gross
Suite: 2nd Floor West Tower 2,711 SF $26 - 28 PSF (Annual) Modified Gross
Suite: 4th Floor, East Tower 16,500 SF $26 - 28 PSF (Annual) Modified Gross
Suite: 5th Floor, East Tower 16,711 SF $26 - 28 PSF (Annual) Modified Gross
Suite: Lobby Cafe 350 SF $850 (Monthly) Gross Lease

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Taxing Authority: City of Portland
Tax ID/APN: 29-E-26
Zoning: B-3
Property Located Between: Corner of Middle Street and Franklin Arterial Street
Property Visibility: Excellent
Highway Access: I-295 and Maine Turnpike
Airports: Portland International Jetport
Site Description: Downtown Business District
Total Number of Buildings: 1
Number of Stories: 7
Year Built: 1987
Year Renovated: 2017
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Two 7-story towers connected by a common atrium and lobby
Parking Type: Structure, Surface
Parking Description: 1.3 spaces per 1,000 sf of leased space
Passenger Elevators: 4
Sprinklers: Wet
Heat Source: Central
Air Conditioning: Engineered System
Interior Description: Gas-fired, hot water heat; Central A/C
Zoning Description: Business District
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 21,747 69,975 111,394
Median Age: 33.9 37.62 39.18
Households: 11,375 33,025 50,199


Photograph of Listing Agent

Tony McDonald, CCIM/SIOR

The Boulos Company NECPE Member
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