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Two Monument Square

Off-Market

2 Monument Square, Portland, ME 04101

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  • Property Type Office - General Office
  • Property Size 122,000 Sqft
  • Lot Size 0.62 Acre
  • Parking Spaces Avail. 97
  • Parking Ratio 0.80/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class A
  • Year Built 1979

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 Date 25 Jun, 2003
  • Purchase Price $13,500,000
  • Arm's Length
  • 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 $352,163
  • Market Value $15,107,800
  • Assessed Value $15,107,800

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

Frequently Asked Questions

What is the total square footage of Two Monument Square?

Two Monument Square totals 122,000 square feet.

When was this property built?

Two Monument Square was built in 1979.

When was Two Monument Square last sold?

Two Monument Square was last sold on 25 Jun, 2003.

What was the last purchase price for Two Monument Square?

Two Monument Square was last sold for $13,500,000.

What is the property tax for Two Monument Square?

The property tax for Two Monument Square in 2020 was $352,163.

What is the market value for Two Monument Square?

The market value for Two Monument Square in 2020 was $15,107,800.

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