Address: 511 Congress Street Portland, Maine
Owner: Ocean Gate, LLC
Lot Size: .9773 +/- Acres
Building Square Footage: Office/Retail: 121,817 +/- SF, Storage: 8,959 +/- SF, Total: 130,776 +/- SF
Number of Floors: 9 Story office tower with 2 attached, multi-level wings consisting of office, retail & food service space.
Office Tower Footprint: 11,523 +/- SF
Year Built: 1973 (Renovated in 1996, 2003, 2007, & 2013-2019)
Zoning Code: B3- Business Zone
Ceiling Height: Ranges from 8’ 6” to 22’.
Foundation: Poured concrete
Structural System: Structural steel frame
Facade: Red brick veneer
Roof: Adhered EPDM (2003)
Elevators: The building contains three passenger elevators that access all levels including basement.
Loading & Storage: Loading dock access located in back of building with direct access to elevator.
HVAC:Individual HVAC units around perimeter of office tower for maximum Tenant comfort. Core of building is gas fired Centeral HVAC (cooling equipment for core is roof mounted).
Electrical Power: 4,000 amp, 480/277 volt
Other Utilities: Natural Gas, Public water & sewer, Wi-Fi, On-site trash & recycling
Life Safety: The building features a full wet sprinkler system throughout and a simplex addressable fire alarm.
Security/Concierge: Ocean Gate Plaza is monitored 24/7 with 16 building cameras. On-site security concierge is provided from 8AM-5:30PM Monday through Friday. Monitors for cameras of both structures are located at the security desk. Exterior LED lighting is loacted on premisis.
Keyless Building Access: Tenants have 24 hour keyless card access to external enterances & elevators. Doors & elevators on main lobby floor automatically unlock at 7 AM and lock at 5PM Monday- Friday.
Tenants: Building is anchored by Wood (just renewed lease). Other Tenants include Troubh Heisler, RxAnte, CashStar, MuniciPay, Soakology, among others.
Rentable Square Footage: 128,400 +/- Square Feet
2020 Project Vacancy Rate: 2.06%
Income & Expenses: Provided upon receipt of signed Confidentiality Agreement.
2019 Real Estate Taxes: $221,713
Terms of Purchase: Sale for Ocean Gate Plaza & Arts District Parking Garage is being offered by sealed bid. Contact Cardente Real Estate for further details.
Sale Price: $32,500,000
511 Congress Street | Ocean Gate Plaza
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