30 MILLION DOLLAR INSTITUTIONAL GRADE NET LEASE FOR SALE



Location: This property is situated in a solid New England office park location supported by a very strong office market.

Description: This 160,000 square foot office building consists of fully built out first class office space.

Land: The building is located on approximately 12.5 acres of land in a well located first class office park

Lease: Leased to Bell Atlantic (NYNEX/New England Tel and Tel) (S&P AA). The lease Commenced September 30, 1987. The annual rent is $1,615,000 until April 1.1998 and then $2,720,000 until March 31, 2008. The lease is a bond type lease with ALL expenses including roof and structure paid by the tenant.

Extra Land: There is an additional parcel of approximately 2 acres of commercially zoned land included in this offering. Ownership indicates that a 40,000 square foot building can be constructed on this parcel.

Price: $30,222,000 (9.0% CAP on 4/98 rent)


Contact Information

John M. "Jack" Peckham III CCIM, CIPS, RECS
Peckham Boston Advisors
(Founded 1963 - Our 47th Year)
Four Longfellow Place, Suite 2003
Boston, MA 02114
Phone 617 523 4441 Ext. 6

Email: info@REOtoCash.com
Web: www.REOtoCash.com

All information is from sources we deem reliable and is submitted subject to errors, omissions, prior sale, lease, withdrawal without notice, or change in price and conditions. While we do not doubt it's accuracy, no representation thereof is made.

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