Pease Tradeport Office Building For Sale

Office for Sale
Catylist Listing ID: 30813501
Property Subtypes: Office Building
Building Size (RSF): 15,207 SF
Gross Building Area: See Agent
Sale Price: $1,275,000
Unit Price: $83.84 PSF
Property Use Type: Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/23/2023

Overview / Comments

This 15,207 +/- SF freestanding, professional office building is located in Portsmouth’s Pease International Tradeport, New Hampshire’s premier business park. Less than an hour from downtown Boston and easily accessible from Exit 3 of I-95, the property has over 100 dedicated parking spaces.

The Tradeport is currently owned by the Pease Development Authority (PDA), a state agency charged with developing economic activity through long-term leasing. The offering is for a buyer to purchase the seller’s remaining building lease term with the PDA, allowing the Buyer to seek an extension of the current lease by as much as 74 years. This would give the new owner additional lease term to help facilitate future renovations or expansion and financing.

- Direct access off I-95 and the Spaulding Turnpike
- Loading dock and outside covered deck
- 103 parking spaces
- Signage available on pylon sign
- Possible building expansion

Attachments & Media

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Tax ID/APN: 08178-0315-0002-0000
Zoning: BUSINESS/COMMERCIAL
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1950
Year Renovated: 2000

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,920 23,528 42,981
Median Age: 37.85 42.02 41.91
Households: 814 10,986 19,231

Contact

Photograph of Listing Agent

Katherine Gemmecke

The Boulos Company NECPE Member
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