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.

Financials

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
Zoning: AIRPORT INDUSTRIAL
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

View FullscreenMap

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

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.