Class A Office Space for Sublease in Downtown Portsmouth

Office for Lease
Lease Pending
Catylist Listing ID: 30803245
Property Subtypes: Mixed Use, Office Building
Status: Pending
Building Status: Under Construction
Contiguous Space: 4,186 SF
Gross Building Area: 96,782 SF
Gross Land Area: 0.53 Acres
Lease Rate: $38 PSF (Annual)
Base Monthly Rent: $13,255
Lease Types: Absolute Gross
Class of Space: Class A
Last Updated: 5/29/2024

Overview / Comments

Only 4,186± SF of executive office space is now remaining in this sublease in this new construction at heart of downtown Portsmouth. 60 Penhallow Street is a one-of-a-kind construction by McNabb Properties. This newly constructed first-class office at Brick Market boasts striking architectural features and bold and modern finishes throughout, making it a premier location for your business.

The street level retail/restaurant space is home to Hearth Market, a trendy open-air market offering a large variety of food and beverage options from take out to sit down dining. The large lighted outdoor patio has lots of outdoor seating, music and live entertainment.

Current build-out plans include perimeter offices with stunning views, conference rooms and open collaborative space. Multiple access points for privacy and confidentiality. The space is offered at a full-service gross lease, with sub-landlord paying utilities, the real estate taxes, and other common area charges.

Located in the heart of Portsmouth and steps away from all the amenities including renowned restaurants, cafes, art galleries, shopping, entertainment venues and the waterfront.

Expand All Available Space

Suite: 302 4,186 SF $38 PSF (Annual) Absolute Gross
Level/Floor: 3
Status: Pending
Space Available: 4,186 SF
Lease Rate: $38 PSF (Annual)
$13,255 (Monthly)
Lease Type: Absolute Gross
Date Available: 7/1/2022
Space Type: Sublet
Tax Expenses $1.08 PSF (Annual)

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Taxing Authority: City of Portsmouth
Tax ID/APN: 0107-0027-0000
Zoning: HISTORIC
Property Located Between: Between Daniel St, Penhallow St, Sheafe St, and State Street
Property Visibility: Excellent
Highway Access: Quick access to Route 1, Route 1 By-pass, and I-95
Site Description: Located in the heart of Portsmouth on the corner of Penhallow and Daniel St offering an unparalleled office and retail opportunity.
Area Description: The historic city of Portsmouth has established itself as a business, financial, medical and retail landmark. It is a progressive, energetic city with strong historical roots, modern office buildings, and a diverse local food and art community.
Total Number of Buildings: 1
Number of Stories: 4
Year Built: 2021
Roof Type: Other
Construction/Siding: Brick
Parking Type: Other
Parking Description: City garage, street parking. Flat and paved.
Passenger Elevators: 2
Heat Type: Natural Gas
Heat Source: Heat Pump
Air Conditioning: Engineered System
Zoning Description: Character District 4/ with historic overlays.
Lot Frontage: 287
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,213 28,228 43,375
Median Age: 40.65 42.05 42.94
Households: 4,910 13,306 19,637

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