Multi-Tenant Investment Property For Sale

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30373650
Property Subtypes: Office Building
Status: Pending/Contingent
Building Size (RSF): 32,852 SF
Gross Land Area: 2.13 SF
Sale Price: $3,550,000
Unit Price: $108.06 PSF
Property Use Type: Investment
Building Name: 436 Amherst
Class of Space: Class A
Usable Size (USF): 32,852 SF
Sale Terms: Cash to Seller
Cap Rate: 8.0%
Last Updated: 8/23/2019

Overview / Comments

Multi-Tenant Investment Property For Sale. This classic 32,852 square foot office building is situated on 2.13 acres and includes a two-story steel framed structure clad with red brick. Both floors allow flexible floor plans and currently has 7 suites of various sizes. This property is beautifully landscaped and is professionally managed. Recently installed large electronic reader board pylon sign situated in front along Amherst Street allows a variety of uses and tons of visibility. The area has an abundance of retail, restaurants, hotels, residential single and multi-family projects and easy access to Route 3 having quick access to the Manchester and Boston.

A full investment package is available. Potential qualified Buyer will sign a confidentiality agreement prior to receiving this package.


Finance Data Year 2019
Real Estate Taxes - Annual($) $60,141 (Annual)
Potential Rental Income $473,079 (Annual)
Net Operating Income $284,756 (Annual)
Actual or Proforma Year Proforma
Lender Name TBD
Loan Amount $2,963,160
Down Payment $740,790
Annual Debt Service $197,640 (Annual)
Interest Rate (APR) 4.50
Amortization Period 25

Additional Details

Nearest MSA: Manchester-Nashua
County: Hillsborough
Taxing Authority: City of Nashua
Tax ID/APN: 0000H-00073
Property Visibility: Excellent
Highway Access: Route 3 to Exit 8, west on Amherst Street. Property on left.
Airports: Manchester-Boston Regional Airport and Nashua Airport
Site Description: Rectangular and level 2.13 acres slightly sloping away from Amherst Street/Route 101A.
Area Description: Well developed area including retail, restaurants, hotels, office, single and multi-family developments and industrial users.
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 16,426 SF
Year Built: 1980
Year Renovated: 2017
Roof Type: Flat
Construction/Siding: Brick, Steel Frame
Exterior Description: Brick exterior
Parking Ratio: 3.1 (per 1000 SF)
Parking Type: Surface
Parking Description: Ample parking
Total Parking Spaces: 124
Passenger Elevators: 1
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable, Other
Interior Description: Interior features cherry doors and frames, carpeting, Polomyx wall paint, 2'x2' ceiling tiles and recessed lighting.
Zoning Description: Airport Industrial
Lot Frontage: 233
Lot Depth: 551
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owned

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,345 50,069 118,626
Median Age: 35.97 38.11 40.02
Households: 2,028 20,148 46,278


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