247 Pleasant St, Concord, NH 03301

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Building Details:

247 Pleasant St is located in Concord, NH.

247-249 Pleasant Street was formally part of the Mary Baker Eddy estate, and is comprised of two older buildings that were converted to office space and is located in Concord's (IS) Institutional Zone. This property offers a great redevelopment opportunity for an investor. Abutters include Dartmouth Hitchcock and Concord Hospital. Call Broker for more details. Property is being sold As Is. 2 buildings consisting of 1,987 +/- SF & 3,369+/- Sf total 5,356+/- SF (effective).

Memo to Prospective Buyers
247-249 Pleasant Street Concord NH

TO: Prospective Buyers
FROM: NAI Norwood Group, Inc.
DATE: March 7, 2013

RE: Solicitation of Offers

In order to facilitate a sale at the above mentioned property, NAI Norwood Group, Inc, the seller representative, is facilitating the solicitation of offers from prospective buyers. Below is the outline of events by which all prospective buyers may work within.

• Property Tours - Open property tours for any prospective buyers and their team are welcome on March 18th, 2013 from 9:00am to 12:00pm and March 21st, 2013 from 9:00am to 12:00pm. Should buyers wish to have additional tours, or non invasive inspections, they should be conducted through the Broker of during the weeks of March the 18th or March the 25th.
• Offers to Purchase – All offers to purchase must be drafted on the non-binding offer memorandum on the above website or found through the agent of the seller. Buyers may attach additional information but must use the standard non-binding offer memorandum. All offers must be received by April 8th, 2013 at 5:00pm. A binding Purchase and Sales agreement must then be negotiated by April 23rd, 2013 to be present to the joint legislative Long Range Capital Planning and Utilization Committee, in order to meet their sixty day timeline.
• Selection of Purchase Offer – The New Hampshire Department of Administrative Services (the “State”) will review all offers made in this fashion and select one offer representing the best value to the State of New Hampshire. Such offers may be subject to additional negotiation at the time of review. The State reserves the right to reject any or all offers. The best value offer will then be memorialized in a binding Purchase and Sale Agreement to be executed by the offeror and recommended to the joint legislative Long Range Capital Planning and Utilization Committee for approval. If approved, then the property first must be offered to the City of Concord at the Purchase and Sale Agreement price pursuant to RSA 4:40, I. If the City refuses the offer or fails to respond within thirty (30) days after the date of the offer, then the State will execute the approved Purchase and Sale Agreement with the offeror and proceed thereunder toward closing. The State’s obligation under such Purchase and Sale Agreement to convey the property shall be explicitly subject to prior final approval by the Governor and Executive Council of the State of New Hampshire, in accordance with RSA 4:40, I, which final approval shall be sought at such time as all contingencies set forth in said Purchase and Sale Agreement have been satisfied or waived. The general statutory procedure for disposal of surplus State real property is set forth in RSA 4:40.

Disclosure
Prospective buyers understand that NAI Norwood Group, Inc. is acting on behalf of the Seller, The State of New Hampshire. Additionally Buyers are hereby informed that all potential offers are subject to the rules and approvals outlined above.