Nearly 100,000 Industrial Building, 8.5% Cap Rate, Great Location!
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: |
$5,450,000 |
| Unit Price: |
$56.36 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: |
2/19/2021 |
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 |
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 |
|
© Copyright 2001-2020 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.
|
