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


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

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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


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