Freestanding Office Building in
For Lease
$12 SF/Yr
41 Hutchins Drive, Portland, ME 04103
Professional office building in wooded campus setting for lease.
Space Size38,227 SF
Property Size52,227 SF
Days on Market229
Property Features for 41 Hutchins Drive
General Information
Standard status
Active
Size
38,227 SF
Class
A
Property subtype
Office
Lease Term
NNN
Building Details
Building Size
52,227 SF
Year Built
1986
Spaces For Lease
at 41 Hutchins Drive Contact us- Size
- 38,227 SF
- Type
- Office Building
- Term
- Negotiable
Entire Building $12/SF/Yr
Listing Agency:
The Boulos Company Portland
Listed By:
Claire Richardson
(207) 880-4607
Source:
Boulos
Added: Jan 27
Changed: Sep 10
Last Checked: Sep 12 at 8:08AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Boulos Company Portland
Investment Insights
Based on property information with market context.
Located near the Stroudwater neighborhood off Congress Street in Portland, 41 Hutchins Drive is a freestanding, professional office building. The building spans 52,227 square feet across two and three stories and is constructed of brick. It features three separate wings that provide ample natural light. The available space is 38,227 square feet in three wings of two to three floors each, and can be subdivided to as small as 5,705 square feet. The property is professionally managed and landscaped and includes ample on-site, paved parking in several lots. Flexible IM zoning allows for many potential reuse options. The building also features large meeting rooms, a fitness facility, and a cafeteria.
Key Highlights
- Desirable location in a wooded campus setting near the Stroudwater neighborhood.
- Large, freestanding professional office building with 52,227+\/- SF.
- Flexible IM zoning allows for many potential reuse options.
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.80 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
237
Businesses Nearby
Explore this area
Business Placement
Demographics for 04103, ME
31,185
Population
14,336
Households
2.2
Avg Household Size
40
Median Age
58%
College-Educated
97%
High-School Grad
10.2 sq mi
ZIP Area
3,057
Density / Sq Mi
$90,682
Median Household Income
$48,640
Median Earnings
$1,571
Median Rent
$421,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Portland, ME
$16.54 /SF/Yr
Avg Asking Price
$9–$21 /SF/Yr
Price Range
55,139 SF
Avg Space Size
This space is priced 27% below the average of $16.54 /SF/Yr.
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Professional office building in wooded campus setting for lease.
Where is this office building located?
The property is located at 41 Hutchins Drive Portland, ME.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: Desirable location in a wooded campus setting near the Stroudwater neighborhood.; Large, freestanding professional office building with **52,227+\/- SF**.; Flexible IM zoning allows for many potential reuse options.
