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Renovated Office Space For Lease
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7 Rand Road, Portland, ME 04102

Recently renovated Portland office space with ample parking available for lease.

Space Size14,000 SF - 22,000 SF
Property Size242,965 SF
Days on Market1196

Property Features for 7 Rand Road

General Information

Standard status Active
Size 14,000 SF - 22,000 SF
Property subtype Office
Lease Type NNN

Building Details

Building Size 242,965 SF
Year Built 1972
Tenancy Multiple

Spaces For Lease

at 7 Rand Road Contact us

1st Floor

Size
22,000 SF
Type
Office
Lease Type
NNN
Availability
Active
Contact us

2nd floor

Size
14,000 SF
Type
Office
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: The Dunham Group
Listed By: Sam LeGeyt · License #ME BR 926417
Source: Crexi
Added: May 26, 2023 Changed: Aug 27 Last Checked: Aug 29 at 11:57AM

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 Dunham Group

Investment Insights

Based on property information with market context.

Available for lease is up to 22,000 square feet of recently renovated office space. The property is located less than 1 mile from Maine Turnpike/I-95 Exit 47. Ample on-site parking is available. The location provides immediate access to neighborhood amenities.

Key Highlights

  • Up to 22,000± SF of recently renovated office space.
  • Highly accessible location less than 1 mile from Maine Turnpike/I‑95 Exit 47.
  • Ample on‑site parking.

Property Analytics

Current Use

Brockway Smith Co Warehouse & Storage

Suggested Use

Top Pick Law Firm Real Estate Agency Kitchen & Bath Showroom Electrical Service Grocery & Convenience Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$1.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

397
Businesses Nearby

Demographics for 04102, ME

18,002
Population
8,633
Households
2.1
Avg Household Size
38
Median Age
62%
College-Educated
96%
High-School Grad
6.0 sq mi
ZIP Area
3,000
Density / Sq Mi
$79,631
Median Household Income
$47,898
Median Earnings
$1,435
Median Rent
$464,100
Median Home Value

Market

Lease Benchmarks for Portland, ME

$18.41 /SF/Yr
Avg Asking Price
$12–$28 /SF/Yr
Price Range
4,609 SF
Avg Space Size

This space is priced 46% below the average of $18.41 /SF/Yr.

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Recently renovated Portland office space with ample parking available for lease.
Where is this office units located?
The property is located at 7 Rand Road Portland, ME.
What is the lease rate?
The lease rate is $10 SF/Yr.
What are key features of this property?
This property features: Up to 22,000± SF of **recently renovated office space**.; Highly accessible location less than 1 mile from Maine Turnpike/I‑95 Exit 47.; Ample on‑site parking.
(207) 773-7100 Call to check price and availability
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