INDUSTRIAL BUILDING FOR LEASE ON LARGE CORNER LOT

Industrial for Lease
Catylist Listing ID: 30139126
Property Subtypes: Cold Storage, Flex Space, Free-Standing, Industrial-Business Park, Manufacturing, Mixed Use, Light Industrial, Office Showroom, Truck Terminal, Warehouse/Distribution, Other
Contiguous Space: 5,500 SF
Building Size (RSF): 5,500 SF
Gross Building Area: See Agent
Gross Land Area: 1.83 Acres
Lease Rate: $5,000 (Monthly)
$10.91 PSF (Annual)
Lease Types: NNN
Ceiling: 16 ft.
Drive In Bays: 5 Bays
Usable Size (USF): 5,500 SF
Last Updated: 7/10/2017

Overview / Comments

Industrial / Commercial building for lease on 1.83 corner lot. Has been leased for several years to Student Transportation of America (bus company). Tenant's current lease expires August 31, 2017 with no current options to renew. Bus company will NOT BE renewing lease.

This free-standing building located on 1.833 Acres abuts 20 Star Drive.
Current layout consists of:
1st Floor: Large open bay area where buses drive in.
Front: 2 OH Drive drive-in doors on the right (10' x 14' high) (closed off temporarily) and 2 OH drive in doors on the left front of building (10' x 10' high)
Rear: 1 OH drive in door (8' x 14' high)
Large open finished area
Staff Room, 1 bath, 1 internal office

2nd Floor (1/2 2nd Floor):
Large conference room with windows
Large open area
Staff room and storage area
1 bath, 2 Private offices with windows

Tenant pays ALL NNN expenses and utilities.
Tenant has been leasing for several years, lease is up August 2017.

Owner will also sell this property at $775,000 subject to Seller's completion of a 1031 tax exchange.

Previous uses included autobody shop and truck repair. Many uses allowed in this zone.
Bus Company has been parking up to 80 buses on site.

Attachments & Media

Expand All Available Space

Suite: 1 5,500 SF $5,000 (Monthly) NNN
Level/Floor: 1
Space Available: 5,500 SF
Lease Rate: $5,000 (Monthly)
$10.91 PSF (Annual)
Lease Type: NNN
Space Description: Free standing building. First Floor layout consisting of large open area, , staff room, 1 bath, 1 internal office, large open garage area with two 10' x 14' overhead drive-in doors at front right of building (closed off currently) and two 10' x 10' overhead drive-in doors on the front left of building and one 8' x 14' overhead drive-in door to the rear of building.

Second Floor 1/2 of second floor): layout consists of large conference room with windows, large open area, staff room and storage area, 1 bath, 2 private offices with windows.

2016 Expenses: RE Taxes: $7,226.00, Insurance: $5,242.00, Water: $348.40, Sewer: $217.00. Tenant also pays own exterior landscaping, maintenance and plowing.
Space Subcategory: Truck Terminal, Flex Space
Date Available: 9/1/2017
Space Type: New
Kitchen Yes
Tax Expenses $7,226 PSF (Annual)
Ceiling 16 ft. Clear
Drive In Bays 5

Additional Details

Nearest MSA: Manchester-Nashua
County: Hillsborough
Tax ID/APN: 0003D-1 00001100000
Zoning: 03 - INDUSTRIAL
Highway Access: Exit 11 off of Everett Turnpike onto DW Highway, south to Star Drive. Building is 1/10 tenth mile on Star Drive on your left.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Roof Type: Flat
Construction/Siding: Block
Exterior Description: This free standing building is located on a corner lot
Parking Type: Structure, Surface
Parking Description: Large Parking lot currently used by National Bus Company - Bus company parks approximately 80 Buses on site.
Column Spacing: 00
Heat Type: Oil
Heat Source: Central, Ceiling Units
Lighting: Fluorescent
Zoning Description: Many uses allowed. Previous uses were auto body and truck repair.
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,176 23,154 88,994
Median Age: 39.58 39.79 39.56
Households: 983 9,005 33,394

Contact

Photograph of Listing Agent

Wendy E. Keeler

Fairway Real Estate, LLC
NECPE Member

Source

© Copyright New England Commercial Property Exchange. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.