14 & 20 Star Drive

Industrial for Sale
Catylist Listing ID: 30506774
Property Subtypes: Free-Standing, Industrial-Business Park, Manufacturing, Light Industrial, Warehouse/Distribution
Building Size (RSF): 26,320 SF
Gross Land Area: 1.19 - 3.03 Acres
Sale Price: $1,995,000
Unit Price: $75.80 PSF
Ceiling: 20 ft. Clear
Docks/Doors: 7 Docks
Drive In Bays: 6 Bays
Property Use Type: Net Leased Investment (NNN)
Building Name: Star Drive
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/5/2020

Overview / Comments

14 Star Drive has a new, single-tenant lease in place and includes a +/- 5,820 SF two-story Industrial/Commercial building on a + /- 1.833 corner lot in Merrimack, NH. Current layout of the building consists of a large open bay area with four overhead doors. There are 2 overhead drive-in doors on the left side of the building that are 10’ x 14’ high (closed off temporally) and 2 overhead drive-in doors on the right side of the building that are 10’ x 10’ high. There are 2 overhead drive-in doors in the rear of the building that are 8’ x 14’ high.

20 Star Drive includes +/- 20,500 SF single-story Industrial/Commercial building situated on +/- 1.193 acres and abuts an old railroad spur. The building consists of 7 loading docks, 4 baths, 7 offices and storage space, and the potential for rail access. The building is 100% leased to two tenants with relatively short lease terms remaining.

Additional Details

Nearest MSA: Manchester-Nashua
County: Hillsborough
Tax ID/APN: 003D-1 000011/12
Zoning: 03
Highway Access: Convenient location with easy access to NH Route 3 and I-93 North & South. Just 0.8 miles south of exit 11 off of the Everett Turnpike Route 3.
Rail Access: Yes
Airports: Manchester-Boston Regional Airport
Site Description: Potential rail access
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 2
Year Built: 1958
Roof Type: Flat
Construction/Siding: Concrete
Parking Type: Surface
Column Spacing: Varied
Zoning Description: Industrial

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,176 23,154 88,103
Median Age: 39.58 39.79 39.47
Households: 983 9,005 32,954


Photograph of Listing Agent

Deane Navaroli

William & Reeves, LLC.
NECPE Member
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