Portsmouth Industrial for Lease!

Industrial for Lease
Also listed as Retail-Commercial
Catylist Listing ID: 30778386
Property Subtypes: Cold Storage, Flex Space, Food Processing, Free-Standing, Industrial-Business Park, Manufacturing, Mixed Use, Light Industrial, Office Showroom, Research & Development, Truck Terminal, Warehouse/Distribution, Other
Contiguous Space: 7,440 - 14,500 SF
Total Available: 18,940 SF
Building Size (RSF): 21,925 SF
Lease Rate: $8 - 9.75 PSF (Annual)
Base Monthly Rent: $4,960 - 9,343
Lease Types: NNN
Ceiling: 18 ft.
Docks/Doors: 3 Docks (Varies by space)
Usable Size (USF): 14,515 SF
Last Updated: 1/17/2022

Overview / Comments

Hard to find prime industrial space in Portsmouth!! Little Big Farms kitchen, a commercial kitchen, research, light manufacturing and warehouse facility for lease. Total of 21,940 square feet available in a stand-alone building. Many extras for a commercial kitchen. Square footage configurations available at 7,440 s.f., 10,440 s.f., 11,500 s.f. and 14,500 s.f. Total contiguous square feet of 21,940 s.f. of warehouse/office space available with 6 loading docks. Ample parking & signage. Space will be available February 2022. Town water & sewer, and 3-phase power. Natural gas heat. Price is negotiable based on square footage and lease term. All units are separately metered with loading docks.

Property located in Portsmouth ECONOMIC REVITALIZATION ZONES (ERZ). Possible tax credits of up to $200,000 available!

OVERVIEW
The City of Portsmouth has three economic revitalization zones (ERZ). The ERZ designation is an economic development tool allowed by state statute that creates incentive for companies to expand or relocate to an eligible area. Projects in an approved zone must create new jobs and expand the economic base and can range from the creation of new facilities to the rehabilitation of existing structures. State approval of ER Zones qualifies businesses expanding or relocating in these ER zones for tax credits outlined in RSA 162-N:8. Under the provisions of this statute, businesses in an approved ER Zone may be eligible for tax credits to be used against Business Profit Tax and Business Enterprise Tax up to a maximum of $40,000 annually for a five year period. Economic/ERZ or see attached file.

https://www.cityofportsmouth.com/economic/economic-revitalization-zones-erz

Expand All 2 Spaces Available

Suite: Unit 1 - End Cap 7,440 SF $8 - 9.75 PSF (Annual) NNN
Suite: Unit 2 11,500 SF $8 - 9.75 PSF (Annual) NNN

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Submarket/Township: Hampton/Seabrook
Submarket Type: Central Business District
Tax ID/APN: 35944
Zoning: INDUSTRIAL/COMMERCIAL
Highway Access: Route 1/I-95
Airports: Pease/Manchester/Boston
Area Description: ECONOMIC REVITALIZATION ZONES (ERZ) Overview The City of Portsmouth has three economic revitalization zones (ERZ). The ERZ designation is an economic development tool allowed by state statute that creates incentive for companies to expand or relocate to an eligible area. Projects in an approved zone must create new jobs and expand the economic base and can range from the creation of new facilities to the rehabilitation of existing structures. State approval of ER Zones qualifies businesses expanding or relocating in these ER zones for tax credits outlined in RSA 162-N:8. Under the provisions of this statute, businesses in an approved ER Zone may be eligible for tax credits to be used against Business Profit Tax and Business Enterprise Tax up to a maximum of $40,000 annually for a five year period. Below is a summary of the current ERZ areas in Portsmouth.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1997
Parking Type: Surface
Column Spacing: 30
Sprinklers: Wet
X-Phase: 3-phase
Heat Type: Natural Gas
Zoning Description: Industrial/Commercial
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,342 21,674 40,312
Median Age: 40.28 42.03 43.13
Households: 2,437 10,104 18,366

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