Net Leased Single Tenant* Industrial For Sale

Industrial for Sale
Sale Pending
Catylist Listing ID: 30073003
Property Subtypes: Free-Standing, Industrial-Business Park, Manufacturing, Warehouse/Distribution
Status: Pending
Building Size (RSF): 102,798 SF
Gross Building Area: See Agent
Sale Price: $4,900,000
Unit Price: $47.67 PSF
Ceiling: 20 ft. Clear
Docks/Doors: 11 Docks
Office SF: 10,500 SF
Drive In Bays: 3 Bays
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Last Updated: 8/8/2017

Overview / Comments

Rare single tenant* net leased industrial building for sale, great for a 1031 exchange. Long term business operator Total Air Supply (TAS) has established this 100,000 sf building as its Corporate HQ and primary Mfg.-Dist. facility. TAS has occupied the facility for 6 years with long term plans for this location. The * is to note that Energy North has a ground lease for propane distribution with a 16 year history. The parcel size is about 8 ac, serviced by natural gas and municipal water/sewer. Located on the corner of B and A streets, the property has great access to the Interstate system. The building is about 90% production/warehouse and 10% office. The building has two (2) clear span bays of 300' x 100'; the previous use was modular home production. The production/warehouse areas were recently upgraded with LED lighting and infra-red radiant heaters. The property exhibits little deferred maintenance. Buyers to sign and complete a confidentiality agreement to receive the Offering Memorandum.

Financials

Finance Data Year 2017
Real Estate Taxes - Annual($) $1 (Annual)

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Tax ID/APN: 08001006 - 0130961
Zoning: INDUSTRIAL IV
Highway Access: Short drive to Interstate 93, Exit 4 or Exit 5
Airports: Manchester-Boston Regional Airport is a 20-minute drive
Site Description: Flat, paved and about 80% fenced-in with several gates.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1973
Year Renovated: 2004
Roof Type: Flat
Construction/Siding: Metal Siding, Steel Frame
Parking Type: Surface
Parking Description: Paved, on-site surface parking.
Total Parking Spaces: 115
Column Spacing: Varied
Sprinklers: Wet
Amps: 800
Volts: 480
X-Phase: 3-Phase
Heat Type: Natural Gas
Heat Source: Central, Ceiling Units
Air Conditioning: Package Unit
Lighting: Other
Internet Access: Cable
Interior Description: 10% Office and 90 % production/warehouse. There is about 3,100 sf of mezzanine space which overlooks the production floor.
Water Service: Municipal
Sewer Type: Municipal
Legal Description: RCRD Book 2049 Page 442 Plan D-2606

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,339 36,244 65,218
Median Age: 39.11 38.72 39.23
Households: 1,471 14,010 23,932

Contact

Photograph of Listing Agent

Ralph Valentine, CCIM

The Valentine Group
NECPE Member
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