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2 Gannett Drive

Off-Market

2 Gannett Drive, South Portland, ME 04106

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  • Property Type Office - General Office
  • Property Size 217,672 Sqft
  • Lot Size 17.8 Acre
  • Parking Spaces Avail. 870
  • Parking Ratio 4.00/ 1,000 SF
  • Property Tenancy Single Tenant
  • Building Class A
  • Year Built 1991

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 11 Aug, 2017
  • Arm's Length
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity Date

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

  • Property Tax in 2020 $555,682
  • Market Value $28,135,800
  • Assessed Value $28,135,800

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

Frequently Asked Questions

What is the total square footage of 2 Gannett Drive?

2 Gannett Drive totals 217,672 square feet.

When was this property built?

2 Gannett Drive was built in 1991.

When was 2 Gannett Drive last sold?

2 Gannett Drive was last sold on 11 Aug, 2017.

What is the property tax for 2 Gannett Drive?

The property tax for 2 Gannett Drive in 2020 was $555,682.

What is the market value for 2 Gannett Drive?

The market value for 2 Gannett Drive in 2020 was $28,135,800.

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