65 Parker Street / Site 6, Newburyport, MA 01950
Value-Add Office Condo with Credit Tenant Upside
Marketing description
Paramount Partners is pleased to exclusively market for sale 65 Parker Street/Site 6, a commercial condominium located within the well-regarded Seacoast Business Park in Newburyport, Massachusetts.
65 Parker Street/Site6 is a well-maintained commercial condo featuring a modern office aesthetic and full ADA accessibility. The property is thoughtfully built out with four bathrooms, a fitness/gym area, kitchen space, and 21 dedicated parking spaces, offering functionality and flexibility for a wide range of users.
The property benefits from an exceptional location with convenient access to Routes1 and I-95, providing efficient regional connectivity. It is adjacent to the MBTA Commuter Rail, enhancing accessibility for employees and clients alike. The surrounding area supports a strong commercial ecosystem comprised of professional services, light industrial, and support businesses, while also enjoying proximity to downtown Newburyport’s restaurants, retail, and waterfront amenities.
The property is currently 100% occupied by Gallagher Insurance (NYSE: AJG). The existing lease expires on October 31, 2026. Gallagher has expressed interest in remaining at the property with a reduced footprint, presenting a near-term opportunity to re-tenant a portion of the space or restructure occupancy to meet ownership objectives.
65 Parker Street/Site 6 offers an exceptional opportunity for an owner/user seeking a strategic Newburyport location, or for an investor pursuing stable income with future leasing flexibility. The combination of strong tenancy, prime location, and adaptability positions the asset for both immediate cash flow and long-term value creation.
Investment highlights
PROPERTY HIGHLIGHTS:
Fully ADA Accessible
Sprinklered
Onsite Parking
Well-Maintained
High Upside
LOCATION HIGHLIGHTS:
Prime Newburyport Location within the Established Seacoast Business Park
Convenient Access to Route 1 and I -95
Serviced by Newburyport MBTA Commuter Rail Station
Proximity to Downtown Newburyport Retail and Waterfront Amenities
MARKET HIGHLIGHTS:
One of Massachusetts Most Desirable Communities
Strong Demographics
Household Income Well Above State Average
Strong Occupancy and Tenant Retention Rates
Amenity-Rich Market
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