Catylist ID:
#30860373
Sale/Lease Opportunity - 32,572 SF Class A Office on 2.75 Acres
Office
for Sale
Sale Pending
| Catylist Listing ID: | 30860373 |
| Property Subtypes: | Business Park, Governmental, High-Tech, Medical, Net Leased, Office Building |
| Status: | Pending |
| Building Size (RSF): | 32,572 SF |
| Gross Land Area: | 2.75 Acres |
| Sale Price: | $8,000,000 |
| Unit Price: | $245.61 PSF |
| Property Use Type: | Net Leased Investment (NNN), Vacant/Owner-User |
| Class of Space: | Class A |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 9/18/2024 |
Overview / Comments
|
Cushman & Wakefield is pleased to offer for sale or lease 80 Commercial Street in Concord, New Hampshire. This meticulously maintained headquarters office building has been occupied in its entirety by Graphic Packaging International (GPI) since 2015. GPI plans to vacate the property when their lease expires on February 28, 2025. 80 Commercial Street has all municipal utilities including natural gas and is fully leased through February 28, 2025. The property is fully air-conditioned with all new HVAC units in 2020. Located in the popular Corporate Center at Horseshoe Pond, 80 Commercial Street is a 32,572 SF three-story office building situated on 2.75 acres overlooking Horseshoe Pond. This five-building office park is home to Concord Hospital's medical offices, Lifestance Health, New England Ecological Services, the Social Security Administration, the Grappone Conference Center and the Courtyard by Marriott Hotel. The Corporate Center at Horseshoe Pond is a land condominium on approximately 16.46 acres. Although it is a land condominium, there are no condominium fees and every property owner takes care of the landscaping, snow removal, etc. for their respective properties. Located just blocks from the State House, unlike many other areas, the office market in Concord has seen brisk leasing activity. With an inventory of 1.3 million square feet of office space, Concord's Class A office market currently boasts a healthy vacancy rate of only 5.4%. Quality construction, exceptional highway visibility and access make this property a superior opportunity for any investor or owner occupant. |
Attachments & Media
Additional Details
| Nearest MSA: | Concord |
| County: | Merrimack |
| Taxing Authority: | City of Concord |
| Tax ID/APN: | 100230 |
| Zoning: | OCP |
| Property Located Between: | Immediately off 1-93 Exit 15W, located between Commercial St & Delta Drive |
| Property Visibility: | Excellent |
| Highway Access: | Concord is a key transportation hub offering excellent highway access in all directions North/South via I-93, I-393, I-89 and East/West via Routes 4, 9 & 202. |
| Airports: | Concord Municipal & Manchester Boston Regional |
| Site Description: | The Corporate Center at Horseshoe Pond is a land condominium on approximately 16.46 acres. There are five units in total on the site. |
| Area Description: | Located in the popular Corporate Center at Horseshoe Pond, 80 Commercial Street, is a 32,572 SF three-story office building situated on 2.74 acres overlooking Horseshoe Pond. This five-building office park is home to Concord Hospital's medical offices, Lifestance Health, New England Ecological Services, the Social Security Administration, the Grappone Conference Center and the Courtyard by Marriott Hotel. |
| Total Number of Buildings: | 1 |
| Number of Stories: | 3 |
| Typical SF / Floor: | 10,857 SF |
| Year Built: | 2000 |
| Year Renovated: | 2020 |
| Roof Type: | Flat |
| Construction/Siding: | Brick |
| Exterior Description: | Constructed in 2000 by Hutter Construction. Structural steel frame metal deck with concrete fill floors and brick veneer/curtain wall on metal stud wall framing exterior facade. Floor to floor height is 13' 6". Aluminum-frame tinted insulated windows with thermal heat panels around the window perimeter on every floor |
| Parking Ratio: | 3.8 (per 1000 SF) |
| Parking Type: | Surface |
| Total Parking Spaces: | 122 |
| Passenger Elevators: | 1 |
| Sprinklers: | Wet |
| Heat Source: | Heat Pump |
| Air Conditioning: | Evaporative Cooler, Package Unit |
| Internet Access: | Cable, T1/T3, Fiber Optic |
| Zoning Description: | OCP Opportunity Corridor provides for a wide variety of uses including medical office, education, financial services, municipal and government services and residential. |
| Part of Planned Development?: | Yes |
| Lot Frontage: | 500+ on Commercial St |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Land Ownership: | Land condo, but no dues or fees |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 4,621 | 31,038 | 44,838 |
| Median Age: | 38.27 | 39.54 | 39.85 |
| Households: | 2,135 | 12,790 | 18,389 |
Contact
Thomas FarrellyCushman & Wakefield of NH IncNECPE Member |
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