Medical Office Just Off US-4

Office for Sale
Catylist Listing ID: 30812527
Property Subtypes: Office Building, General
Building Size (RSF): 21,722 SF
Gross Building Area: See Agent
Sale Price: $2,200,000
Unit Price: $101.28 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: 2299 Woodbury Ave
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/19/2022

Overview / Comments

This Medical office building is uniquely located due west of Portsmouth NH. Enabling medical providers to grab patients from New Hampshire, Maine, as well as Massachusetts. The property has two vacancies making this a unique opportunity for both owner users and Investors. Property is being offered at less than assessed value ($2.48MM), and at a 6.15 Cap on existing revenue with replacement, maintenance, management, and vacancy reserves. Price has been reduced to 2.2 Million.

Newington is a town in Rockingham County, New Hampshire. It is bounded to the west by Great Bay, northwest by Little Bay and northeast by the Piscataqua River. It is home to Portsmouth International Airport at Pease and to the New Hampshire Air National Guard. Newington is conveniently located an hour south of Portland ME and an hour north of Boston MA. With direct access to US -4, US-1, I-95 & NH -16 .

The Beane Farm is named after Louis C. Beane a farmer who owned over 180 Acres of land in the 1870s. The buildings were built in 1900 and renovated as recently as 2019. When 4 new HVAC units were replaced, parking lot was repaved & restriped. The property is fully sprinkled, and has a three floor elevator. All floors are handicap assessable. Though it sits on 5 acre plot, 2,32 acres are in conservation. Property has two curb cuts on Woodbury Ave and billboard signage on US-4 / NH -16 Spaulding Turnpike.

Fill out NDA for Detailed Financials

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Tax ID/APN: Map 19, Lot 09
Zoning: OFFICE DISTRICT
Property Visibility: Excellent
Highway Access: Direct Access to US-4, NH-16 Spaulding Turnpike
Airports: Portsmouth International Airport
Site Description: Parking: Ample parking in common with other tenants. Const.Type: Timber/Wood Frame
Number of Stories: 3
Year Built: 1900
Year Renovated: 2019
Roof Type: Gable
Construction/Siding: Wood Siding
Parking Type: Surface
Total Parking Spaces: 87
Passenger Elevators: 1
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Central
Lot Frontage: 409 ft
Water Service: Municipal
Sewer Type: Municipal
Easements: Preservation
Easements Description: 2.32 acre conservation easement granted in 2000

View FullscreenMap

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 15,076 51,227
Median Age: 40.73 42.09
Households: 7,352 22,912

Contact

© Copyright 2001-2022 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.