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119 Gannett Drive

Off-Market

119 Gannett Drive, South Portland, ME 04106

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  • Property Type Office - Flex - Office
  • Property Size 30,150 Sqft
  • Lot Size 4.68 Acre
  • Parking Spaces Avail. 105
  • Parking Ratio 3.50/ 1,000 SF
  • Property Tenancy Owner Occupied
  • Building Class B
  • Year Built 2000

Location

  • City South Portland, ME
  • Neighborhood South Portland Gardens
  • Zip Code 04106
  • 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 10 Sep, 2004
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in South 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 South Portland Office Market

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

  • 2020 Avg. Asking Rent $21.18
  • 2020 Office Vacancy Rate 8.44 %
  • 2020 Office Completions (Sqft)
View more South Portland market trends

Tax

  • Market Value $4,176,700
  • Assessed Value $4,176,700

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

Frequently Asked Questions

What is the total square footage of 119 Gannett Drive?

119 Gannett Drive totals 30,150 square feet.

When was this property built?

119 Gannett Drive was built in 2000.

When was 119 Gannett Drive last sold?

119 Gannett Drive was last sold on 10 Sep, 2004.

What is the market value for 119 Gannett Drive?

The market value for 119 Gannett Drive in 2020 was $4,176,700.

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