Medical Office Building For Sale

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30781667
Property Subtypes: High-Tech, Medical, Office Building
Status: Pending/Contingent
Building Size (RSF): 8,796 SF
Gross Land Area: 7.44 Acres
Sale Price: $1,590,000
Unit Price: $180.76 PSF
Property Use Type: Vacant/Owner-User
Building Name: 200 Tech Drive
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/8/2023

Overview / Comments

200 Technology Drive represents an excellent opportunity to purchase and existing medical office building for your own use at a lower cost than building new. This architecturally designed, single story, red brick and steel building was constructed in 1989 and was most recently occupied by New Hampshire Oncology Hematology PA.

The building is approximately 8,792 SF, is located on 7.44 acres of land, has a large surface parking lot located in the front of the building with a parking ratio of 5 cars/1,000 SF. The landscaping around the building is professionally designed and maintained with utilities lines built underground.

The interior space is efficiently designed with a center entrance, east and west wings and a center core. There are two open areas with vaulted ceilings, private exam rooms, separate waiting areas, an employee break room and multiple bathrooms throughout the facility.

The building is ideally suited for a medical practice, dental practice, eye care, orthodontic practice, aesthetic dentistry, physical therapy or any other professional service or treatment use.

Additional Details

Nearest MSA: Concord
County: Merrimack
Taxing Authority: Hooksett
Tax ID/APN: 2937
Property Located Between: Manchester and Concord
Highway Access: Excellent Highway access off I-93 at Exit 10.
Airports: Manchester/Boston Regional Airport
Site Description: The building and parking areas are level. The excess land is sloped and rocky.
Area Description: Exit 10 located off I-93, is fast becoming one of the most popular locations in Southern NH. This location is home to many regional and national retailers including Market Basket, Home Depot, WalMart, Lowe's and Bass Pro Shops. There are also national fast food and local restaurants nearby for employees to choose from.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 8,796 SF
Year Built: 1989
Roof Type: Flat
Construction/Siding: Brick
Parking Ratio: 5 (per 1000 SF)
Parking Description: The property has a surface parking lot located in the front of the building with a parking ratio of 5 cars/1,000 SF.
Sprinklers: Other
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Zoning Description: Mixed Use District 3 (MDU 3)
Water Service: Municipal
Sewer Type: Septic
Legal Description: See Merrimack County Registry of Deeds: Book 3766, Page 2340 sale date 11/01/2021

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,327 32,974 108,407
Median Age: 33.13 38.64 36.63
Households: 1,523 14,036 43,937


Photograph of Listing Agent

Mike Harrington, CRE, CCIM

Harrington & Company NECPE Member
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