103 Stiles RdSalem, NH 03079

Property Details for 103 Stiles Rd

Year built

1988

Property size (Sq ft)

10,496 SF

Property type

Office properties

Property subtype

Medical offices

Description

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.

Location Insight

City

Salem

County

Rockingham

State

New Hampshire

Latitude

42.7674

Longitude

-71.2483

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