Monitor Drive & Hannah Dustin Drive

Industrial for Sale
Catylist Listing ID: 30357164
Property Subtypes: Flex Space, Manufacturing, Light Industrial, Office Showroom, Research & Development, Warehouse/Distribution
Building Size (RSF): 77,330 SF
Gross Land Area: 16 - 103.65 Acres
Sale Price: $6,495,000
Unit Price: $83.99 PSF
Ceiling: 22 ft. Clear
Docks/Doors: 3 Docks
Property Use Type: Vacant/Owner-User, Business
Building Name: 1 Monitor Drive
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/18/2019

Overview / Comments

AVAILABLE FOR SALE: 1 Monitor Drive and Hannah Dustin Drive in Concord, New Hampshire. This is an exceptional opportunity to acquire a unique and well-constructed +/- 77,330 industrial/flex building that is comprised of a +/- 40,260 SF three-story office building adjacent to a +/- 37,070 SF industrial/warehouse/distribution building. Originally developed in 1989, 1 Monitor Drive was constructed on an +/- 87.65 acre parcel of land directly abutting an +/-16 acre parcel of land on Hannah Dustin Drive. Combined these parcels total +/-103.65 acres of pre-dominantly level land. Both parcels are bordered on the west by the Merrimack River and bordered on the east by Interstate 93 and the New England Southern Railroad.

The Seller is currently evaluating a subdivision of the land and building, potentially allowing for the purchase of 1 Monitor Drive (on a 12 to 16 acre parcel) separate from the remaining land parcel.

The industrial/warehouse/distribution portion of the building is comprised of three adjacent sections that have clear heights of +/- 14’ up to +/- 28’ and column spacing of up to +/- 22’ x 40’. The building offers three loading docks with levelers. It presents an excellent opportunity for companies seeking a mix of office and industrial space for their office, warehouse, distribution, storage, or high-tech manufacturing/production requirement.

The building and land are serviced by municipal water, sewer, and natural gas. 1 Monitor Drive has a wet sprinkler system throughout, with a dry sprinkler system serving a portion of the warehouse area.

Hannah Dustin Drive is accessed from Whitney Road and is less than ½ mile from Exit 17 on Interstate 93. Monitor Drive is less than 3.5 miles from Exit 16 on Interstate 93, directly accessible from Seawalls Falls Road, and in close proximity to NH State Route 3A, Route 4, and Route 132.

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $170,491 (Annual)

Additional Details

Nearest MSA: Concord
County: Merrimack
Tax ID/APN: 12/P 1/ / /
Zoning: INDUSTRIAL
Property Located Between: Exit 16 and 17 off of Interstate 93
Highway Access: Hannah Dustin Drive is accessed from Whitney Road and is less than ½ mile from Exit 17 on Interstate 93. Monitor Drive is less than 3.5 miles from Exit 16 on Interstate 93, directly accessible from Seawalls Falls Road, and in close proximity to NH State Route 3A, Route 4, and Route 132.
Rail Access: Yes
Airports: Concord Airport / Manchester Regional Airport
Site Description: +/- 16 Acres up to 103.65 Acres, sub-dividable.
Total Number of Buildings: 1
Number of Stories: 3
Property Condition: Average
Year Built: 1989
Roof Type: Gable
Construction/Siding: Brick
Parking Type: Surface
Eave Height: 28
Column Spacing: 22 x 40
Freight Elevators: 1
Sprinklers: Wet
Amps: 2,500
X-Phase: 3 Phase
Heat Type: Natural Gas
Air Conditioning: Engineered System, Package Unit
Lighting: Fluorescent
Zoning Description: https://library.municode.com/nh/concord/codes/code_of_ordinances?nodeId=TITIVZOCO_CH28ZOOR
In Flood Plain?: Yes
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress, Utilities

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,965 12,980 39,115
Median Age: 35.44 39.93 39.6
Households: 1,163 5,428 15,605

Contact

Photograph of Listing Agent

Deane Navaroli

William & Reeves, LLC.
NECPE Member
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