FOR SALE OR LEASE PEASE TRADEPORT INDUSTRIAL/WAREHOUSE BUILDING 20 DURHAM STREET PORTSMOUTH, NEW HAMPSHIRE 03801 PROPERTY HIGHLIGHTS + + Located within Portsmouth s Pease Tradeport + + Direct access (less than one mile) off I-95 and the Spaulding Turnpike (Route 16) + + Building expansion possible + + High ceilings heights with 37.10 feet at the peak and 32.10 feet at the eves + + ±81,600 SF on ±10 AC + + Two drive-in doors and two loading docks + + Duty free Foreign Trade Zone (FTZ) www.cbre.com/portsmouth Portsmouth
FOR SALE OR LEASE PEASE TRADEPORT INDUSTRIAL/WAREHOUSE BUILDING PROPERTY OVERVIEW CBRE Portsmouth presents 20 Durham Street in Portsmouth, NH to market: a 81,600± SF industrial building located in Portsmouth s Pease International Tradeport. The property is immaculately cared for and equipped with high ceiling heights, multiple remote control crane system, high end security system and modern office space. It s located directly off of Exit 3 on I-95, has ample parking and the opportunity for building expansion up to 24,000± SF on the existing 10± AC parcel. In addition to the physical amenities, the property is within the Pease Airport District which benefits from a reduced tax rate and low ground lease rate, as well as within the Foreign Trade Zone (FTZ) which is exempt from all duty on goods. This property is rare opportunity for an investor, owner-user, or tenant to have a state of the art facility in Southern New Hampshire. I-95 Bridge to Maine Downtown Portsmouth Portsmouth Traffic Circle Approximate Lot Line Shown PEASE TRADEPORT OVERVIEW The Pease Tradeport is one of the most recognized business epicenters in Northern New England. With direct access off of I-95 and New Hampshire s Spaulding Turnpike and within an hour of Boston, Manchester and Portsmouth; businesses are able to hire employees from a large demographic area. The Tradeport is also home to The Portsmouth International Airport at Pease (PSM), the C&J Bus Station with non-stop daily routes to Boston and New York, a Residence Inn Hotel by Marriott and other amenities including Cisco Brewery of Portsmouth, the Pease Golf Course, and Manchester Square s retail marketplace. The Pease Tradeport is a full service business center just ten minutes outside Downtown Portsmouth.
20 DURHAM STREET PORTSMOUTH, NH 03801 PROPERTY DETAILS Total Building SF: Warehouse: ±72,000 SF Office: ± 9,600 SF Total: ±81,600 SF Total Available SF: ±81,600 SF Acreage: ±10.0 AC Zoning: PI: Pease Industrial Ceiling Height: 32.10-37.10 Year Built 1996/addition in 2001 PROPERTY VALUATION Property Assessment (2018): $4,171,000 (1) Pease Annual Ground Lease Fee (2018): $39,168 ($0.48/SF) Pease Annual Municipal Service Fee: $34,619.30 ($0.42/SF) (2) (1) The property assessment was recently reduced and is not yet reflected on the City of Portsmouth assessor s database. (2) The property is within the Airport District at Pease International Tradeport, therefore the Municipal Service Fee is in lieu of property taxes. It does not include assessment for local and state education; an approximate savings of 46%. Utilities: Heat: Electrical: Sprinkler: Compressed Air: Parking: Restrooms: Natural gas Municipal water and sewer Radiant gas in warehouse HVAC in office (gas) 3000A/480V/3 Phase Wet system Throughout warehouse 66 spaces with room for expansion 2 sets of bathrooms, 1 with showers PEASE GROUND LEASE INFORMATION Lease Term Annual Rent Current Term: 11/1/1995-10/31/2020 $39,168 ($0.48/SF) Option 1: 11/1/2020-10/31/2025 $41,184 ($0.50/SF) Option 2: 11/1/2025-10/31/2030 $43,128 ($0.53/SF) Option 3: 11/1/2030-10/31/2035 $45,360 ($0.56/SF) TENANT INFORMATION Drive-in Doors: 2 (12 x 12 and 20 x 20 ) Current Tenant Westinghouse Electric Company, LLC_ Loading Docks: 2 (8 x 8 with levelers) Additional loading dock expansion Annual Lease Rate: $416,160 Lease Termination: 6/30/2019 Exterior Construction: Roof: Block and metal Metal Overview: Tenant has excerised an option to terminate their lease. Cranes: Warehouse Floor: Security System: 5 Remote Control Kone Cranes 1 Mass Crane 6 thick fiber reinforced concrete 4000 PSI min. on compacted gravel Harco finish Full building camera & passcode security system LISTING DETAILS Sale Price: $7,350,000 Lease Rate: $6.75/SF NNN
FOR SALE OR LEASE PEASE TRADEPORT INDUSTRIAL/WAREHOUSE BUILDING 20 DURHAM STREET Portsmouth, NH 03801 95 16 CORPORATE DRIVE 20 DURHAM STREET PEASE INTERNATIONAL AIRPORT CONTACT US KENT WHITE Principal Broker Partner +1 603 570 2699 kwhite@cbre-portsmouth.com CAITLIN BURKE Associate +1 603 570 2680 cburke@cbre-portsmouth.com CBRE PORTSMOUTH 14 Manchester Square, Suite 235 Portsmouth, NH 03801 +1 603 427 1333 2018 Boulos Holdings, LLC d/b/a CBRE Portsmouth. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. CBRE Portsmouth and the CBRE Portsmouth logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners. www.cbre.com/portsmouth Portsmouth
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