Prime Investment Industrial Condos For Sale

Industrial for Sale
Catylist Listing ID: 30321926
Property Subtypes: Industrial-Business Park, Light Industrial, Warehouse/Distribution
Building Size (RSF): 20,000 SF
Gross Building Area: See Agent
Gross Land Area: 2 Acres
Sale Price: $1,250,000
Unit Price: $62.50 PSF
Ceiling: 18 ft. Clear
Drive In Bays: 1 Bay
Property Use Type: Investment, Business
Usable Size (USF): 16,250 SF
Sale Terms: Cash to Seller
Last Updated: 7/17/2019

Overview / Comments

Prime investment opportunity to own 8 condo units. Newer construction of well-located industrial condos off the Bow bypass. Buyer will have a controlling interest in the condo association, by owning 8 out of 10 total units or 15,625 sf of the total 19,375 sf. Based upon current leases in place and trailing expenses, the asset is a potential 8.38 CAP producing $104K in net operating income.

Attachments & Media

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $26,403 (Annual)
Gross Operating Income $155,325 (Annual)
Net Operating Income $104,703 (Annual)
Actual or Proforma Year Proforma

Current Tenants

Tenant Business Name Royal Elite Allstars
Is Renting? Yes
Suite Number 1 & 2
SF of Space Occupied 5,000 SF
Tenant Business Name PermaLiner
Suite Number 5,6,7
SF of Space Occupied 5,625 SF

Additional Details

Nearest MSA: Concord
County: Merrimack
Tax ID/APN: 35, 190-F, U1
Zoning: I-2
Highway Access: Exit 11 off 93 North. Take rt 3A north into Bow. Right on Tallwood Drive. 7 Tallwood is down the street on your left.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 2006
Construction/Siding: Aluminum Siding
Parking Ratio: 2.1 (per 1000 SF)
Parking Type: Surface
Total Parking Spaces: 38
Column Spacing: 25 ft
Heat Type: Natural Gas
Heat Source: Other
Air Conditioning: Window Unit
Zoning Description: General Industrial
Water Service: Well
Sewer Type: Septic

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 841 14,921 41,372
Median Age: 41.76 41.74 41.16
Households: 300 5,947 16,857

Contact

© Copyright 2001-2019 Catylist. 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.