74 Northeastern Blvd. Units 9 and 10

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30866688
Property Subtypes: Medical, Office Building
Status: Pending/Contingent
Condo? Yes
Building Size (RSF): 4,800 SF
Gross Building Area: See Agent
Sale Price: $350,000
Property Use Type: Vacant/Owner-User
Building Name: 74 Northeastern Blvd
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/22/2024

Overview / Comments

This 4,800 SF office condo is conveniently located in Nashua between Exit 4 and 5 from the Everett Turnpike and situated within the Northbridge Business Center, which is one of the most professional, well maintained, and landscaped complexes in the area.

The space is comprised of two contiguous 2,400 SF units (#9 and #10) and consists of ample private offices, reception, conference room, and kitchenette on both levels, making it an excellent option for many office uses and has most recently been utilized for counseling services.

There is a 1,200 SF demised lower level unit (9B) currently leased and generating cash flow, leaving 3,600 SF of available space for an owner to occupy immediately. Both levels are ADA accessible via the Main (upper) and Lower Level Entrances.

Financials

Finance Data Year 2023
Real Estate Taxes - Annual($) $6,186 (Annual)
Potential Rental Income $19,200 (Annual)

Current Tenants

Tenant Business Name Affordable Builders, LLC
Industry Type Construction
Is Renting? Yes
Suite Number 9B
SF of Space Occupied 1,200 SF
Current Rent $1,600 PSF (Annual)
Options One 2-year option

Additional Details

Nearest MSA: Manchester-Nashua
County: Hillsborough
Tax ID/APN: C-02024-9 or 10
Is Condo?: Yes
Zoning: INDUSTRIAL PARK
Highway Access: Ideally situated between Exit 4 and Exit 5 off the F.E. Everett Turnpike
Airports: Boston Logan International (45 mins) | Manchester-Boston Regional (25 mins)
Number of Stories: 2
Typical SF / Floor: 2,400 SF
Parking Type: Surface
Parking Description: Ample Shared.
Heat Type: Electricity, Natural Gas
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Leased Land (Jan. 1, 1983 to Dec. 31, 1977)

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,440 83,329 126,036
Median Age: 40.75 39.12 39.31
Households: 4,721 33,681 49,478

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