127 Johnnycake Hill – Aquidneck Corporate Park

Newport Mental Health is Expanding!

Property Description

Come take a look at the beautiful water view from the executive offices of this large prominent office building located at the crest of the hill in the Aquidneck Corporate Park in Middletown. The property is now offered for sale with a lease-back to current owner, Newport Mental Health, until they find/build their new facility. The offices and common areas are newly renovated with attractive reception area and large conference spaces along with small single offices. A loading dock adds convenience to the building as well as expansive lawn space. This offering contains a large plat of land that has space for an addition along with second floor expansion possibilities.

Property Details

Address: 127 Johnnycake Hill Road, Middletown, RI
Buillding Size: 11,848 sf
Lot Size: 4.71 ac / 205,168 sf
Sale Price: $1.8M
Lease Price: $10,000 per month NNN
Sewer: Town Connected
Water: Town Connected
Sprinkler System: Wet/Concealed
Taxes: $16,167/ 2020
Plat: 115
Lot: 36
Year Built: 1980
Unit Descriptions:

Subject to Seller leasing back property for 5 years with a “negotiated” cancelation clause notification period after 3 years. If the new buyer begins developing any of the property during this lease term, then NCMH shall maintain the same facility and the same number parking spaces. NCMH share of the NNN costs shall diminish by the ration of lost space due to said development.

Location: Office Park
Site: Corner overlooking Easton's Pond
Frontage: ~892 linear feet
Term: Up to 3 years lease back
Parking: Current Parking ~ 65
Heat / Air: Electric Fired Forced Air-Duct / Central Air
Restricted Uses: Subject to Lease-Back
Zoning: OP

127 Johnnycake Hill Road, Middletown, RI,
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