Market Square Office - Heart of the City

Office for Lease
Catylist Listing ID: 30331413
Property Subtypes: Mixed Use
Contiguous Space: 4,854 SF
Gross Building Area: See Agent
Lease Rate: $10 - 20 PSF (Annual)
Base Monthly Rent: $4,045 - 8,090
Lease Types: NNN
Last Updated: 2/15/2021

Overview / Comments

Located adjacent to Market Square, the heart of the City and its historic center of commerce, this office suite is near all the amenities including renowned restaurants, coffee shops, art galleries, boutiques, entertainment venues, and the waterfront.

Suite consists of an efficient layout of 8 private offices, 2 conference rooms, reception area and open areas. The break room is a modern commercial kitchen and an attractive space to entertain clients. High end finishes include stately solid wood doors and trim, renovated conference rooms and bathrooms and stainless steel kitchen appliances.

Municipal parking is available at the High Hanover Street Garage located just a few steps away and at the nearby Worth and Bridge Street lots.

Also available for sale with list price of $1,750.000. A special first year's rent of $10.00/sf is being offered for a 5 year lease.

DMA Architects has drawn a concept plan showing how the space can be opened up dramatically.

Expand All Available Space

Suite: K 4,854 SF $10 - 20 PSF (Annual) NNN
Level/Floor: 3
Space Available: 4,854 SF
Lease Rate: $10 - 20 PSF (Annual)
$4,045 - 8,090 (Monthly)
Lease Type: NNN
Space Description: Suite consists of a reception area, 8 private offices including a large executive office, two conference rooms including one with a fourteen chairs, bullpen area, 3 private bathrooms and a commercial kitchen all configured in a space efficient floor plan. A special lease rate of $10.00 is being offered for the first year of a five year lease.

The commercial kitchen is modern and compact and serves as break room or attractive space to entertain clients. Consists of stainless steel appliances, full hood, 3 sink dish washing station, 6 burner stove, chest freezer, double door refridgerator and a 10 top bar height table with stools.

High end finishes include stately solid wood doors and trim, renovated bathrooms, recessed lighting and modern conference room with retractable screen and built-in projector.

DMA Architects has drawn a concept plan showing how the space can be opened up dramatically.

Space Subcategory: Mixed Use, Office Building
Date Available: 9/1/2018
Space Type: Relet
Conference Rooms: 2
Offices 8
Kitchen Yes
Tax Expenses $2.80 PSF (Annual)
Operating Expenses $1.87 PSF (Annual)
Rent Escalators Step-Up Lease
Rent Escalators Description Rent increases from $10.00 after Year 1

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Submarket/Township: Portsmouth
Submarket Type: Central Business District
Taxing Authority: City of Portsmouth
Tax ID/APN: 117/17/K
Property Located Between: Market Street and High Street
Property Visibility: Good
Total Number of Buildings: 1
Number of Stories: 4
Year Built: 1860
Roof Type: Mansard
Construction/Siding: Brick
Parking Type: Structure
Parking Description: Adjacent to municipal High Hanover Garage.
Passenger Elevators: 1
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,213 26,118 43,375
Median Age: 40.65 42.16 42.94
Households: 4,910 12,383 19,637


Photograph of Listing Agent

David F. Choate, III

Colliers International NECPE Member
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