Location: Portsmouth, NH
Contact: Peter Billipp
Company: The Kane Company, Inc.
Phone: 603.559.9646
Offered at: $5,800,000
NOI:
$391,000/yr
The ground lease is a 40 year lease with 29 years remaining and high
potential
to extend. Located in premier business park close to I-95 and
only one hour North of Boston. The building was expanded from 60,000 SF to
81,600 SF
in 2001 and could be further expanded to 120,000 SF with no
additional land
needed.
This is an excellent opportunity to own a
quality building secured by a credit
lease for below replacement
costs.
• 81,600 SF
• 10 acres on ground lease with State of NH
•
Built in 1996
• Zoning: Airport Industrial
• 9,600 SF office
space with AC
• City water/sewer
• Natural Gas heat
•
Tax rate: $8.15/1000 ($26,791.50/yr)
• High bay (30ft
clear)
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