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 SF
  • Lot Size 0.27 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 2001

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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Brokers

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Documents

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Sales

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

Mortgages

  • Current Lender
  • Loan Origination Date
  • Loan Maturity 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.

  • 2022 Avg. Asking Rent $21.25
  • 2022 Office Vacancy Rate 14.93%
  • 2022 Office Completions (SF) 345,387

Portland Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2022 Avg. Price per SF $162.51
  • Y-o-Y Avg. PpSF Change 4.43%
  • 2022 Office Sales Volume $36.7M
  • 2022 Number of Transactions 3
View more Portland market trends

Location

Getting Around

  • Walk Score ®

    99/100 Walker's Paradise
  • Transit Score ®

    52/100 Good Transit
  • Bike Score ®

    82/100 Very Bikeable
Powered by Walk Score ®
  • City Portland, ME
  • Neighborhood Downtown Portland
  • Zip Code 04101
  • Market Portland ME

Points of Interest

  • Portland

    2.04 miles

  • Irving

    0.61 miles

  • Citgo

    0.77 miles

  • 7-Eleven

    0.93 miles

  • Cumberland Farms

    0.98 miles

  • Gulf

    1.04 miles

  • Forest Avenue Mobil

    1.59 miles

  • Gulf

    1.79 miles

  • Gulf

    1.89 miles

  • Mobil

    1.95 miles

  • Cumberland Farms

    2.65 miles

  • Pearl Street Parking Garage

    0.04 miles

  • Casco Bay Ferry Terminal Garage

    0.08 miles

  • Middle & Pearl Parking

    0.08 miles

  • Ocean Gateway Lot

    0.15 miles

  • Cumberland County Parking Garage

    0.15 miles

  • Ocean Gateway Garage

    0.22 miles

  • Top of the Old Port Parking Lot

    0.32 miles

  • City of Portland Day Parking Lot

    0.33 miles

  • Elm Street Parking Facility

    0.43 miles

  • Spring Street Parking Garage

    0.50 miles

  • Hilton Garden Inn Portland Downtown Waterfront

    0.05 miles

  • Portland Regency Hotel & Spa

    0.11 miles

  • Hampton Inn Portland Downtown/Waterfront

    0.12 miles

  • Black Elephant Hostel

    0.20 miles

  • Hyatt Place Portland - Old Port

    0.22 miles

  • AC Hotel by Marriott Portland Downtown/Waterfront, ME

    0.24 miles

  • Portland Harbor Hotel

    0.27 miles

  • Residence Inn Portland Downtown/Waterfront

    0.27 miles

  • The Press Hotel

    0.28 miles

  • Canopy Portland Waterfront

    0.34 miles

  • Fore Street Restaurant

    0.03 miles

  • Rí Ra Irish Pub & Restaurant - Portland

    0.05 miles

  • Gilbert's Chowder House

    0.05 miles

  • Flatbread Pizza

    0.06 miles

  • Mami

    0.07 miles

  • Scales

    0.09 miles

  • The Porthole Restaurant and Pub

    0.10 miles

  • J's Oyster Bar

    0.11 miles

  • Cheese Louise

    0.11 miles

  • Pat's Pizza

    0.12 miles

  • Cathedral School

    0.35 miles

  • Staples School

    0.40 miles

  • The Maine College of Art

    0.52 miles

  • Bangor Theological Seminary

    0.73 miles

  • Maine College of Art

    0.73 miles

  • Hutchins School

    0.95 miles

  • Reiche School

    0.95 miles

  • East End School

    0.97 miles

  • King Middle School

    1.19 miles

  • Henley School

    1.19 miles

  • The Children's House

    1.33 miles

  • Children's Adventure Center

    2.52 miles

  • Grammy's House Preschool

    2.90 miles

  • Ocean House Child Development Center

    2.94 miles

  • Little Red Schoolhouse Child Care Center

    5.41 miles

  • Apple Blossom Childcare

    6.65 miles

  • Heidi's House Childcare and Preschool

    7.00 miles

  • Toddle Inn Child Care

    7.45 miles

  • Toddle Inn Childcare

    8.98 miles

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 2022 was $111,643.

What is the market value for 7 Custom House Square?

The market value* for 7 Custom House Square in 2022 was $8,203,000.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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