97,000 Industrial Building, Fully Leased, Great Investment!

Industrial for Sale
Catylist Listing ID: 30591386
Property Subtypes: Free-Standing, Industrial-Business Park, Manufacturing, Light Industrial
Building Size (RSF): 96,700 SF
Gross Building Area: See Agent
Gross Land Area: 3.32 Acres
Sale Price: $4,990,000
Unit Price: $51.60 PSF
Ceiling: 38 ft.
Docks/Doors: 8 Docks, 8 Doors
Drive In Bays: 3 Bays
Property Use Type: Investment
Usable Size (USF): 96,700 SF
Sale Terms: Undisclosed
Cap Rate: 7.62%
Average Occupancy Rate: 100
Last Updated: 11/19/2021

Overview / Comments

Nearly 100,000 square foot industrial, warehouse building for sale in Nashua NH. Cap Rate of 8.5%.  This area of Nashua is part of the East Hollis Street plan which includes mixed use, housing and industrial. The building is fully leased, has terrific frontage on three streets with a large paved parking area. All of the units have loading dock access, drive up doors and street entrances. The building has been owned by the same individual for over 25 years, tenants are long term.

Additional Details

Nearest MSA: Manchester-Nashua
County: Hillsborough
Tax ID/APN: 00039-000033
Zoning: G1
Property Located Between: Bridge St and Hollis and Belknap St
Highway Access: Close to a number of highways - RT 93, RT 111 and RT 3
Airports: Manchester-Boston Regional Airport
Site Description: Rare opportunity to own 3.32 Acres of land with 96,700 +/- S.F. of prime industrial/ warehouse space in Nashua, NH near the river and highway. The interior space is divided and leased to 8 tenants. Each interior space includes a drive-up loading dock, bays as well as street access doors. All units except for one are front to back with access from Belknap Street on one side and from the parking area on the other. 100% Occupied with current cap rate at 8.5%.  Significant upside since the rents are all below market.
Area Description: This area of Nashua is part of the East Hollis Street plan which includes mixed use, housing and industrial.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1900
Roof Type: Other
Construction/Siding: Aluminum Siding
Exterior Description: Industrial warehouse that is nearly 100,000 SF, rectangular box with 38 foot ceilings, Metal roof, aluminum siding, Infrared Heat System for efficiency and large parking area.
Parking Type: Surface
Parking Description: Large Parking and Loading area
Column Spacing: Mixed
Sprinklers: Dry
X-Phase: 3
Heat Type: Natural Gas
Heat Source: Other
Internet Access: Cable
Interior Description: Warehouse and Industrial space with some office space depending on needs of the specific tenants. Ceiling heights vary from 16' to 38'.
Zoning Description: Commercial
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Easements Description: Railroad

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,329 85,033 132,780
Median Age: 36.02 38.67 39.33
Households: 8,562 33,098 51,682
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