131 Portsmouth Avenue, Exeter

15.18 ACRES

PORTSMOUTH AVENUE & HOLLAND WAY SITE

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131

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21.07 ACRES 108

EXETER, NEW HAMPSHIRE

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Exit 11

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FOR SALE

75,747 SF ON 15.18 ACRES ALSO AVAILABLE - 21.07 ACRES ON HOLLAND WAY (±3 ACRES DEVELOPABLE)

CONFIDENTIAL PRIVATE OFFERING CALL FOR OFFERS: APRIL 17, 2020 HOLLAND WAY

131 PORTSMOUTH AVENUE & HOLLAND WAY SITE

THE OFFERING

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131 PORTSMOUTH AVENUE 75,747 SF 5.43 ACRES ZONED CT (INDUSTRIAL)

±3 ACRES DEVELOPABLE

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21.07 ACRES ZONED CT (INDUSTRIAL)

ROUTE 10

AY DW

HOLLAND WAY SITE

AN OLL

9.75 ACRES ZONED C2 (RETAIL)

HOLLAND WAY

75,747 SF IN

ON

5.43 ACRES Z

9.75 ACRES

21.07 ACRES HOLLAND WAY SITE ±3 ACRES DEVELOPABLE

NDUSTRIAL BUILDING

15.18 ACRES THEREOF

ZONED CT (INDUSTRIAL)

S ZONED C-2 (RETAIL)

131

PORTSMOUTH AVENUE & HOLLAND WAY SITE

SEACOAST REDEVELOPMENT OPPORTUNITY

FIRST TIME ON THE MARKET.

The Offering consists of 131 Portsmouth Avenue in Exeter, New Hampshire, a 75,747 SF manufacturing and warehouse facility situated on 15.18 acres and the adjacent 21.07 acre Holland Way site.

The 131 Portsmouth Avenue site has frontage on Portsmouth Avenue and Holland Way and a portion of the site overlooks the Exeter Reservoir. A unique retail development opportunity is being created by OSRAM through the subdivision of the 1.81 acre site (currently in process) that fronts Portsmouth Avenue. The Holland Way site has frontage on both Holland way and Route 101. The Portsmouth Avenue site has approximately 5.43 acres zoned CT and 9.75 acres zoned C-2. The 21 acre (¹3 acres developable) Holland Way site is zoned CT. This is the area’s largest redevelopment site.

Features include generous clear heights of up to 24 feet, heavy power, all municipal utilities including natural gas, 4 loading docks, 4 drive-in doors, and 13,954 SF of office space. This well maintained property has been owner occupied since it was constructed in 1978.

The property offers exceptional access to Route 101, I-95 and I-495 and the Maine and Massachusetts labor markets. I-93 and the Manchester Boston Regional Airport are approximately a 30 minute drive.

BUILDING SIZE

75,747 SF 61,793 SF footprint with 13,954 SF of 2nd floor office space

LOT SIZE

131 Portsmouth Avenue - 15.18 acres Holland Way - 21.07 acres

ZONING

9.75 Acres zoned C2 (Retail) 5.43 & 21.07 Acres zoned CT

FRONTAGE

Portsmouth Ave Site: ±300' on Portsmouth Avenue

±304' on Holland Way Holland Way Site: ±1,510' on Holland Way

±836' on Route 101

YEAR BUILT

1978, 1986, 2007

CONSTRUCTION

Steel frame with concrete block and insulated steel wall panels

CLEAR HEIGHT

Varies, Production/Warehouse up to 24' Clear Office 9' ceiling height

COLUMN SPACING

30’ x 24’

HVAC

Rooftop units totaling more than 200 tons of cooling capacity. Detailed HVAC information will be available in the project data-room.

CLEAN ROOM

Four ISO 7 Class 10,000 humidity controlled clean rooms totaling 13,051 SF

UTILITIES

Water

Town of Exeter (2 lines - 8” main, 4” domestic, 8” fire)

Sewer

Town of Exeter (12”)

Natural Gas

Unitil (4'' main)

Electric

Unitil - Primary 34,500 Volts, 3-Phase 3 Wire Secondary 4000 Amps, 120/208, 480 Volts 3-Phase 4 Wire

TRANFORMERS

Four owned transformers 750 KVA - 34,500 volts in, 480/277 volts out, main breaker 1200 amps 1000 KVA -34,500 volts in, 480/277volts out, main breaker 1600 amps 3750 KVA- 34,500 volts in, 4160/2400 volts out, main breaker 1600 amps 1500 KVA - 34,500 volts in, 480/277 volts out, main breaker 4000 amps

GENERATORS

Two diesel fuel generators in the manufacturing area 1993 Caterpillar 200 KW and 2007 Katolight 450 KW

FREIGHT LIFTS

Two 2,000 lb. freight lifts. One serves a storage area adjacent to the 2nd floor offices, the second serves a storage/utility room above the newer section of the building (which is roof height to the lower height section of the building).

TELECOMMUNICATIONS

Comcast

LIGHTING

Energy efficient T8 in office area; T5 in warehouse area; T5 and T8 in production area and high pressure sodium and metal halide in parking lot

ROOF

EPDM with 4” insulation, 1996

LOADING

One 12' x 14' drive-in door; two 10' x 14' drive-in doors; two exterior dock platforms with 10' x 10' doors, one 8' x 8' drive-in door, one dock with 10' x 10' door and one tailboard height dock with seal, leveler and a 8' x 10' door

HEAVY POWER

ISO 7 CLASS 10,000 CLEAN ROOMS

MUNICIPAL UTILITIES INCLUDING NATURAL GAS

UP TO 24' CLEAR HEIGHT

15.18 ACRE LEVEL SITE

131 PORTSMOUTH AVENUE

FLOOR PLAN 75,747 SF 15.18 ACRES COMPRISED OF

9.75 ACRES

ZONED C2 (RETAIL)

5.43 ACRES

ZONED CT (INDUSTRIAL)

HOLLAND AVENUE

SITE PLAN

TAX MAP 51 LOT 17

21.07 ACRES

(±3 ACRES DEVELOPABLE)

ZONED CT

CORPORATE TECHNOLOGY DISTRICT (INDUSTRIAL)

±3 ACRES DEVELOPABLE

ROUTE 10

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21.07 ACRES ZONED CT (INDUSTRIAL)

131 PORTSMOUTH AVENUE

PROPERTY UTILITIES

131 PORTSMOUTH AVENUE & HOLLAND WAY SITE

ZONING

The majority of the property is in the CT – Corporate Technology zoning district. In 2004, the Town voted to change the zoning on the approximately 9.0 acre portion of the property adjacent to Portsmouth Avenue to C-2 Highway Commercial. The property is also partially within an overlay district known as the Exeter Shoreland Protection District (ESP). The ESP governs land within 300 FT of the mean high water of the Exeter Reservoir and within 150 FT of perennial streams within the Exeter River watershed. The property also includes wetland resources that will be regulated by both the Town of Exeter and the State of New Hampshire.

C-2 Highway Commercial District

CT- Corporate Technology District

Section 5.6.3 Off Street Parking

Uses permitted as of right in the C-2 District include retail services, business offices, child day care, hotel/motel, auto repair & service, auto sales, landscape services, garden center, kennel & veterinarian.

Uses permitted as of right in the CT District include business, professional and medical offices, child day care, light industry, laboratory, research and development and hotel/motel.

Up to 20% of the gross floor area may be retail as an accessory use. Essential services, heliport, amusement center and medical rehab facilities are allowed via special exception from the Exeter Zoning Board of Adjustment (ZBA).

Parking space dimensions are 9’ x 19’

• Minimum Lot Size: 20,000 SF • Minimum Lot Width: 150 FT • Minimum Lot Depth: 100 FT • Maximum Building Ht.: 35 FT (up to 60 FT if 200 FT from residential) • Front Yard: 50 FT • Side Yard: 20 FT

All uses require municipal water and sewer service.

• Max. Bldg. Coverage: 30%

•M inimum Lot Size: 4 AC (Wetlands may only be 25% of required lot size)

• Minimum Open Space: 15%

• Minimum Lot Width: 400 FT

• Rear Yard: 50 FT

• Minimum Lot Depth: 400 FT •M aximum Building Ht.: 50 FT (up to 60 FT if 200 FT from residential) • Front Yard: 75 FT • Side & Rear Yard: 50 FT • Max. Bldg. Coverage: 20% • Minimum Open Space: 35%

Drive aisle for 90-degree parking is 22’. Number of required spaces is per 5.6.6 or the ITE Parking Generation handbook. Phased (reserve) parking may be allowed by the Planning Board. Required Spaces: • Office: 1 space/250 SF GFA • Conference: 1 space/3 seats • Research & Development: 1 space/employee on max shift • Hotel/Motel: 1 space/room + 1/employee • Retail: 1 space/300 SF under 30,000 SF; 1 space/500 SF over 30,000 SF • Landscape/ Garden Supply: 1 space/200 SF indoor sales; 1 space /2,000 SF outdoor display • Kennel: 1 space/1,000 SF + 1/employee • Animal Hospital: 1 space/200 SF Loading spaces are as required by Site Plan review.

RO U TE 1 0

8 / P O RTS M O U TH AV

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5.43 ACRES CT (INDUSTRIAL)

WA Y

9.75 ACRES C2 (RETAIL)

OSRAM

21.07 ACRES CT (INDUSTRIAL)

131 PORTSMOUTH AVENUE & HOLLAND WAY SITE

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ACCESS & AMENITIES

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AMENITIES 17

RESTAURANTS

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COFFEE / FAST FOOD

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FITNESS

36

SERVICES

4

HOTELS

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RETAIL / SHOPPING

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HOLLAND WAY SITE, EXETER

21.07 ACRE

R O U T E 27

ACCESS 0.4 MILE

4.7 MILES 6 MINUTES

12.7 MILES 13 MINUTES

14.9 MILES 16 MINUTES

29.7 MILES 27 MINUTES

33.7 MILES 33 MINUTES

101 1 MINUTE

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131 PORTSMOUTH AVENUE, HOLLAND WAY SITE EXETER

HAMPTON TOLLS HAMPTON

AMESBURY

MASSACHUSETTS

MAINE

UTH

131 PORTSMOUTH AVENUE & HOLLAND WAY SITE

DEMOGRAPHICS 3 Miles

5 Miles

10 Miles

Average Household Income

$123,077

$133,874

$116,271

Median Household Income

$87,166

$96,937

$85,024

Total Population

19,144

34,246

139,636

Total Population (+25)

13,959

24,936

100,394

Total Number of Households

8,053

13,645

55,955

47

47

44

Total # of Blue Collar Workers

3,094

5,623

26,820

Total # of People with Bachelors Degree

4,254

7,869

27,015

Total # of People with Graduate Degree

2,933

5,054

17,336

28,134

40,946

156,600

Median Age

Total Daytime Population

NEW HAMPSHIRE SEACOAST INDUSTRIAL MARKET OVERVIEW The Town of Exeter, New Hampshire is located in the Southern New Hampshire and more specifically within New Hampshire’s Seacoast market. Exeter is an active business community and has a variety of residential, commercial and industrial uses throughout the town. It is situated along Route 101, a

Just six miles to the east lies Interstate 95 that connects Boston to the south through Southern New Hampshire’s Seacoast, north to the Maine border. In addition to these primary roadways, Exeter is accessed by the Downeaster line of Amtrak rail service. This daily service connects Portland and Freeport from the north through the Seacoast to downtown Boston to the south.

The Property is located in a densely developed commercial neighborhood that includes a mixture of small- to mid-sized retail, service, grocery and auto related uses with residential development concentrated on the nearby local feeder streets. Exeter Hospital’s campus is located ½ mile to the south and Phillips Exeter Academy is 1 mile to the south.

highly traveled commuter route. The main

The Southern New Hampshire industrial

thoroughfares of the town include Routes

market consists of nearly 50 million square

27, 108 and 111, connecting the Property’s

feet of manufacturing, flex and warehouse

neighborhood to the supporting communities.

properties. Steady demand combined with

MAJOR USERS U.S. Department of State National Visa Center Erie Scientific / Sybron Lab Products

limited new construction, due to continuously

associated with being in Massachusetts. The

increasing construction material and labor

Seacoast vacancy rate for manufacturing

costs, has resulted in positive absorption

space is a low 1.4% and flex space at 4.7%.

and increasing industrial lease rates and per-

With vacancy for the Seacoast market

square-foot sale prices in most all Southern

industrial market at historic lows and upward

New Hampshire submarkets. Overall

pressure on rents, industrial users have begun

Southern New Hampshire vacancy currently

considering redeveloping obsolete properties

sits at a low rate of approximately 7%, with

and repurposing/converting non-traditional

the Portsmouth and Manchester markets at

properties to satisfy their individual

4.7% and 3.4% respectively.

requirements. It is anticipated that, given the

The Seacoast industrial submarket consists of more than 10 million square feet of space, and has followed suit, witnessing one of the strongest industrial markets ever. Demand is greatest and pricing is highest for high-bay warehouse and manufacturing space which allow users to occupy a smaller footprint, while taking advantage of a building’s “cube” height. “Last-mile” warehouse has become increasingly significant for e-commerce companies looking to access Boston and the surrounding areas, without the costs

U.S. Department of State National Passport Center

continued strength of the overall economy, Southern New Hampshire and specifically the Seacoast area’s industrial demand and market will remain strong through 2020.

CONTACTS Thomas Farrelly, SIOR

Executive Director thomas.farrelly@cushwake.com

Denis C.J. Dancoes II

Senior Director denis.dancoes@cushwake.com

Sue Ann Johnson

Director sueann.johnson@cushwake.com

Cushman & Wakefield of New Hampshire, Inc. 900 Elm Street, Suite 1301 Manchester, NH 03101 (603) 628-2800 cushmanwakefield.com

©2020 Cushman & Wakefield. All rights reserved. The information contained in this communication is strictly confidential.

This information has been obtained from sources believed to be reliable but has not been verified. NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE CONDITION OF THE PROPERTY (OR PROPERTIES) REFERENCED HEREIN OR AS TO THE ACCURACY OR COMPLETENESS OF THE INFORMATION CONTAINED HEREIN, AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, WITHDRAWAL WITHOUT NOTICE, AND TO ANY SPECIAL LISTING CONDITIONS IMPOSED BY THE PROPERTY OWNER(S).

ANY PROJECTIONS, OPINIONS OR ESTIMATES ARE SUBJECT TO UNCERTAINTY AND DO NOT SIGNIFY CURRENT OR FUTURE PROPERTY PERFORMANCE.