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7 Custom House Square

Off-Market

7 Custom House Street, Portland, ME 04101

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  • Property Type Office - General Office
  • Property Size 49,600 Sqft
  • Lot Size 0.27 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 2001

Location

  • City Portland, ME
  • Neighborhood Downtown Portland
  • Zip Code 04101
  • Market Portland ME

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date

Market Trends

Average Actual Rents in Portland

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Portland Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $19.30
  • 2020 Office Vacancy Rate 6.65%
  • 2020 Office Completions (Sqft)
View more Portland market trends

Tax

  • Property Tax in 2020 $137,583
  • Market Value $5,902,300
  • Assessed Value $5,902,300

Find more tax info, including assessment history and abatements, on CommercialEdge

Frequently Asked Questions

What is the total square footage of 7 Custom House Square?

7 Custom House Square totals 49,600 square feet.

When was this property built?

7 Custom House Square was built in 2001.

What is the property tax for 7 Custom House Square?

The property tax for 7 Custom House Square in 2020 was $137,583.

What is the market value for 7 Custom House Square?

The market value for 7 Custom House Square in 2020 was $5,902,300.

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