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Single-Tenant Office

Pennichuck Corporate Headquarters

25 Walnut St, Nashua, NH 03060

Listing Price: $7,333,333

Cap Rate
4.50%
Tenant Name
Pennichuck Water Works, Inc
Years Remaining On Lease
14.6
Guarantor
Corporate Guarantee
Rentable SF
42,269
Lease Type
Double Net
Rent Per Square Feet
$7.81

Investment Overview

INVESTMENT SUMMARY Marcus & Millichap is pleased to present the exclusive listing for the Pennichuck corporate headquarters located at 24 Walnut St, Nashua, NH 03060. The property consists of roughly 42,269 rentable square feet spread out over two floors of office space and a parking garage. The property sits on an estimated 1.10-acre parcel of land. The property was completely renovated in 2020 when Pennichuck signed a 15 year double-net (NN) lease. The initial rent is $330,000 with 10% increases every 5 years during the primary term of the lease. The tenant is responsible for all repairs/maintenance while the landlord is only responsible for major repairs/replacement of the roof/structure, HVAC, utilities, and parking lot. In addition, there are three (3), five (5)-year tenant renewal options.

Investment Highlights

  • Brand New 15-Year Lease with New Hampshire's Largest Water Supplier, Pennichuck
  • The Property is Pennichuck's Corporate Headquarters
  • The Asset was Completely Renovated and Turned Into Beautiful Office Space in 2020

Exclusively Listed By

Broker of Record

  • Thomas Shihadeh

    Regional Manager

    (617) 896-7220

    License(s) NH: 077795

    New Hampshire

Single-Tenant Office

Pennichuck Corporate Headquarters

Listing Price: $7,333,333

Cap Rate
4.50%
Tenant Name
Pennichuck Water Works, Inc
Years Remaining On Lease
14.6
Guarantor
Corporate Guarantee
Rentable SF
42,269
Lease Type
Double Net
Rent Per Square Feet
$7.81

Investment Highlights

  • Brand New 15-Year Lease with New Hampshire's Largest Water Supplier, Pennichuck
  • The Property is Pennichuck's Corporate Headquarters
  • The Asset was Completely Renovated and Turned Into Beautiful Office Space in 2020

Investment Overview

INVESTMENT SUMMARY Marcus & Millichap is pleased to present the exclusive listing for the Pennichuck corporate headquarters located at 24 Walnut St, Nashua, NH 03060. The property consists of roughly 42,269 rentable square feet spread out over two floors of office space and a parking garage. The property sits on an estimated 1.10-acre parcel of land. The property was completely renovated in 2020 when Pennichuck signed a 15 year double-net (NN) lease. The initial rent is $330,000 with 10% increases every 5 years during the primary term of the lease. The tenant is responsible for all repairs/maintenance while the landlord is only responsible for major repairs/replacement of the roof/structure, HVAC, utilities, and parking lot. In addition, there are three (3), five (5)-year tenant renewal options.

Exclusively Listed By

Broker of Record

  • Thomas Shihadeh

    Regional Manager

    (617) 896-7220

    License(s): NH: 077795

    New Hampshire

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