Signature Office Building

Office for Sale
Sale Pending
Catylist Listing ID: 30775239
Property Subtypes: Business Park, Office Building
Status: Pending
Building Size (RSF): 10,496 SF
Gross Building Area: See Agent
Sale Price: $1,950,000
Unit Price: $185.79 PSF
Property Use Type: Investment
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 1/19/2022

Overview / Comments

103 Stiles Road is 100% occupied and consists of a 2-story 10,496± SF building on 0.99± acres in Salem’s most desirable professional office park. The entire building was completely renovated in 2012 and features high-end finishes in the common areas, ample natural light, floor to ceiling glass conference rooms, and an elevator. Neighboring businesses include medical, law offices, insurance companies, Black Water Grill, Margaritas, Dunkin’ Donuts, La Quinta Inn & Suites, Holiday Inn, Workout Club, and the Icenter. Situated 5± minutes from the NH/MA border and easily accessible to Exit 1, I-93 and Exit 2, Route 213.

Submit NDA for Offering Memorandum.

Attachments & Media

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Tax ID/APN: 10631-10631
Zoning: CIB
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1988
Year Renovated: 2012
Passenger Elevators: 1
Heat Type: Natural Gas
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,289 32,654 142,758
Median Age: 42.26 42.45 37.19
Households: 870 12,403 49,873


Photograph of Listing Agent

Hugo F. Overdeput,CCIM

Colliers NECPE Member
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