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103 Stiles RdSalem, NH 03079

10,496 SF Medical Office, 100% Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional value-add investment opportunity presents a fully occupied, two-story medical office building totaling 10,496 square feet, situated on beautifully landscaped grounds in Salem, New Hampshire's premier professional office park. Built in 1988 and completely renovated in 2012, the property boasts a modern aesthetic, both inside and out, creating a polished business image. The building features four units and offers a Net Net lease structure, generating a strong net operating income (NOI) of $186,000. Currently 100% occupied, 8,428 square feet of premium Class A medical/professional office space will soon become available for lease. This space includes desirable features such as floor-to-ceiling glass conference rooms, a mix of open and private offices, kitchenettes, ample natural light, and high-end common areas. The property's strategic location less than 0.2 miles from Exit 2 off I-93 and just four miles from the Massachusetts border ensures convenient access. Furthermore, the Manchester-Boston Regional Airport is a short 25-minute drive away. The property is zoned CIB. This is a rare opportunity to acquire a high-performing asset in a thriving market.

Highlights

  • Fully occupied, 10,496 SF two-story medical office building in Salem, NH's premier office park.
  • Modern aesthetic, completely renovated in 2012. Net Net lease structure with $186,000 NOI.
  • 8,428 SF of Class A medical/professional office space soon available for lease. Features include floor-to-ceiling glass conference rooms, private and open offices, and high-end common areas.
  • Excellent location: <0.2 miles from I-93 Exit 2, 4 miles from MA border, 25-minute drive to Manchester-Boston Regional Airport. CIB zoning.

Property Details for 103 Stiles Rd

Property type
Office properties, Medical offices
Square Feet
10,496 SF
Year Built
1988
Buildings
1
Stories
2
Units
4

Location Insight

City
Salem
County
Rockingham
State
New Hampshire
Latitude
42.7674316
Longitude
-71.2482933
103 Stiles Rd, Salem, New Hampshire

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103 Stiles Rd
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