511 Congress Street, Unit: 501

Office for Lease
Lease Pending
Catylist Listing ID: 30268751
Property Subtypes: Office Building
Status: Pending
Contiguous Space: 1,000 - 2,200 SF
Gross Building Area: 128,400 SF
Lease Rate: $23 - 25 PSF (Annual)
Base Monthly Rent: $4,216 - 4,583
Lease Types: Modified Gross
In Opportunity Zone? Yes
Class of Space: Class A
Last Updated: 9/19/2019

Overview / Comments

Cardente Real Estate is pleased to offer for lease 2,200 +/- square feet of premier Class A office loaded with built-in features and “state of the art” finishes. Located on the fifth floor of Ocean Gate Plaza, at 511 Congress Street in Portland, Maine, this unique offering was previously utilized for video production and office. The suite provides three walls of glass providing panoramic views from Back Cove and Downtown Portland. Interior layout includes a former broadcasting studio with side sound room and closet, perimeter offices (each individually temperature controlled and with views), and an open space for workstations. Built-ins include wall mount remote control fireplace, an integrated sound system, automated blinds in the studio, multi featured lighting sensor switches, and much more. Even the exterior wall accessing the premises, is overlaid with tile and main entry door can be activated by fingerprint recognition. This is a must see for any professional office or business looking for a signature location in Downtown Portland, Maine.

Expand All Available Space

Suite: 501 2,200 SF $23 - 25 PSF (Annual) Modified Gross
Level/Floor: 5
Status: Pending
Space Available: 2,200 SF
Minimum Divisible: 1,000 SF
Lease Rate: $23 - 25 PSF (Annual)
$4,216 - 4,583 (Monthly)
Lease Type: Modified Gross
Space Description: 1,000 - 2,200 +/- square foot corner unit on 5th floor with views of Back Cove and Downtown Portland. Interior provides perimeter offices, open work area, and a large room (currently set up as a fully integrated video studio with attached sound room) that would be ideal for a showcase conference room or high-end executive offices with panoramic views. Other features include individual controlled heating a air conditioning units per office, finger print recognition ID door access, built in speakers, and countless upgrades throughout.
Space Subcategory: Office Building, High-Tech
Date Available: 8/15/2018
Space Type: Relet
Conference Rooms: 1
Offices 3
Parking Spaces 9999
Tax Expenses $9,999 PSF (Annual)
Rent Escalators Other
Rent Escalators Description 3% annual increases over base year.

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: 5526
Property Located Between: Brown Street & Casco Street
Property Visibility: Excellent
Highway Access: Minutes to I-295, the Maine Turnpike, and US Route One.
Airports: Less then 15 minutes from the Portland Jetport.
Site Description: General amenities of Ocean Gate Plaza include Class A finishes throughout with recent renovations to common areas and exterior, onsite parking, 24 hour access, onsite security during business hours, a vibrant first floor consisting of retail, food service, and high exposure office, shared rear loading dock access leading to elevator, dry basement storage available (separate cost), onsite trash and recycling.
Area Description: 130,000± square foot Office Tower that defines the skyline of Downtown Portland's Peninsula. The property is considered the Gateway to Portland's Financial and Arts Districts and is within walking distance of the Portland Harbor and the Old Port.
Total Number of Buildings: 1
Number of Stories: 9
Typical SF / Floor: 10,523 SF
Year Built: 1973
Year Renovated: 2016
Construction/Siding: Brick, Other
Exterior Description: Class A Office Tower with oversized glass windows on all nine floors, beautiful outdoor courtyard on Congress Street with renovations common areas, courtyard, and exterior in 2015. Onsite surface parking at market rates. New garage being built adjacent to property scheduled for completion in 2017. Highly visible signage for first floor tenants & potential for signature signage, at additional cost, on rooftop. Common trash and recycling located on premises as well as a common loading dock with direct access to premises.
Parking Type: Surface, Other
Parking Description: New onsite parking garage is currently under construction and scheduled to be completed in 2019. New Garage is available for Tenants at market rates. Additionally, parking is available on-site and in area garages at market rates, subject to availability.
Passenger Elevators: 2
Sprinklers: Wet
Heat Type: Electricity, Other
Heat Source: Central, Wall Units, Other
Air Conditioning: Package Unit, Other
Internet Access: Cable, Other
Interior Description: Main lobby was renovated in 2015 with new tile flooring, LED lighting, and other Class A finishes throughout. The first floor lobby offers onsite concierge during business hours, direct interior access to various first floor tenants, and chic directory signage.
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 26,633 78,550 111,093
Median Age: 34.29 38.07 39.15
Households: 13,945 36,466 50,070


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