Investment Opportunity with Medical Office Tenant

Office for Sale
Catylist Listing ID: 30425200
Property Subtypes: Institutional, Medical, Office Building
Building Size (RSF): 27,935 SF
Gross Building Area: 28,000 SF
Gross Land Area: 5.93 Acres
Sale Price: $5,250,000
Unit Price: $187.94 PSF
Property Use Type: Investment
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 5/19/2020

Overview / Comments

7 Holland Way offers a rare opportunity to acquire a single tenanted, two story, office facility in the heart of New Hampshire’s seacoast region.

Exeter Hospital/Core Physicians leases 100% of the building and has signed a second lease extension, extending the term through November 2023.

Exeter Hospital/Core Physicians currently use the building for administration & patient accounts.

The building is centrally located 1.3 miles to Route 101 and 4 miles to I-95 North & Southbound.

The entire parking lot was repaved and striped in fall 2018.

The building is professionally managed and well maintained with annual upgrades to its building systems and infrastructure.

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Submarket/Township: Exeter
Submarket Type: Other
Tax ID/APN: 70/ / 104
Zoning: PP
Property Located Between: Portsmouth Ave & Hampton Road
Property Visibility: Good
Highway Access: 1.3 miles to Route 101 and 4 miles to I-95 North & Southbound.
Airports: Pease International, Manchester & Boston Logan
Site Description: Exeter Corporate Park is comprised of 2 individually owned corporate office buildings.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1986
Roof Type: Gable
Construction/Siding: Wood Shingle
Parking Type: Surface
Total Parking Spaces: 125
Passenger Elevators: 1
Heat Source: Central
Air Conditioning: Engineered System
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress, Utilities
Easements Description: Will provide further information upon request.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,942 15,216 43,117
Median Age: 50.37 44.6 44.83
Households: 807 6,360 17,474
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