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Medical/Professional Office Building 103 Stiles Rd 10,496 SF 100% Leased Office Building Salem, NH 03079 $2,000,000 ($190.55/SF) 9.20% Cap Rate



EXECUTIVE SUMMARY
This attractive two-story office building is situated in Salem’s most sought-after professional office park, surrounded by beautifully landscaped grounds. The building presents a polished business image and a suburban lifestyle. Completely renovated in 2012, the entire building, both inside and out, exudes a modern feel. The property currently generates $226,271 of NOI. The upcoming lease rollovers provide an opportunity to occupy space, renew existing leases, or locate new tenants in 2026. The space features floor-to-ceiling glass conference rooms, a combination of open areas and private offices, kitchenettes, restrooms, ample natural light, and high-end, finished common areas. Conveniently located less than 0.2 miles from Exit 2 off I-93 and 4 miles from the Massachusetts border, Stiles Road offers easy access. Additionally, the Manchester-Boston Regional Airport is a mere 25-minute drive away.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
10,496 SF
Building Class
B
Year Built
1988
Price
$2,000,000
Price Per SF
$190.55
Cap Rate
9.20%
NOI
$184,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,248 SF
Slab To Slab
9’
Building FAR
0.24
Lot Size
0.99 AC
Zoning
CIB - Office Building
Parking
35 Spaces (3.33 Spaces per 1,000 SF Leased)
AMENITIES
- Wheelchair Accessible
- Central Heating
- Natural Light
- Drop Ceiling
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Center for Life Management
- -
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Center for Life Management | - | - | - | - |
1 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,249,900 | |
| Land Assessment | $0 | Total Assessment | $1,249,900 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$1,249,900
Total Assessment
$1,249,900
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Medical/Professional Office Building | 103 Stiles Rd
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