Catylist ID:
#30813501
For Sale - Pease Tradeport Office Building Lease
Office
for Sale
| Catylist Listing ID: | 30813501 |
| Property Subtypes: | Office Building |
| Building Size (RSF): | 15,207 SF |
| Gross Building Area: | See Agent |
| Sale Price: | $575,000 |
| Unit Price: | $37.81 PSF |
| Property Use Type: | Vacant/Owner-User |
| Class of Space: | Class B |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 4/8/2024 |
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 on site. 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 |
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 |
| © Copyright 2024 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Moody's assume any liability for errors or omissions. |
