135 Commerce WayPortsmouth, NH 03801

Property Details for 135 Commerce Way

Year built

1990

Construction

FRAME

Lot size

5.39 AC

Property size (Sq ft)

56,560 SF

Zone code

OR

Property type

Office properties

Property subtype

Office buildings

APN

PRSM M:0216 B:0001 L:11

APU

PRSMM0216B0001L11

Description

This exceptional 9,034 square foot, fully furnished creative office space is available for sublease at 135 Commerce Way, Portsmouth, NH 03801. Located in the well-maintained Portsmouth Office Park, this first-floor unit (Unit 101) boasts a spacious open workspace with 65 cubicle stations, perfect for a collaborative team environment. The space also includes a smaller collaborative area with comfortable couches, five private offices for individual work or small team meetings, and two conference rooms for larger gatherings. A recently remodeled kitchen adds convenience and a modern touch. Large wrap-around windows provide abundant natural light, creating a bright and inviting atmosphere. The property offers ample on-site parking for employees and visitors. Built in 1990 and renovated in 2024, this office space is situated in a prime location, offering easy access to Interstate 95, downtown Portsmouth, Mall at Fox Run, The Crossings at Fox Run, and the Pease International Tradeport. The sublease term extends through May 31, 2028. The building is zoned for Office Research and is part of a larger 56,560 square foot building within Rockingham County. This is a single-tenant occupancy within a single building. This turnkey solution offers immediate occupancy and a productive workspace in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $9,351,057

  6.5%

  $8,631,745

  7%

  $8,015,192

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,390,130

  Geo Method

  $7,390,130

• Alternative Use

  Use

  Valuation

  Residential

  $10,703,364

  Hospitality

  $9,804,224

  Educational

  $8,157,000

  Medical

  $8,437,531

  Retail

  $12,688,666

Location Insight

City

Portsmouth

County

Rockingham

State

New Hampshire

Latitude

43.0928

Longitude

-70.7861

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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