Catylist ID:
#30799537
100% Leased Industrial Investment Property
Industrial
for Sale
Sale Pending/Contingent
| Catylist Listing ID: | 30799537 |
| Property Subtypes: | Flex Space, Free-Standing, Industrial-Business Park, Light Industrial |
| Status: | Pending/Contingent |
| Building Size (RSF): | 60,635 SF |
| Gross Land Area: | 6 Acres |
| Sale Price: | $4,950,000 |
| Unit Price: | $81.64 PSF |
| Ceiling: | 12 ft. |
| Docks/Doors: | 25 Docks |
| Drive In Bays: | 3 Bays |
| Property Use Type: | Investment |
| Building Name: | 2 Industrial Park Drive |
| Usable Size (USF): | 56,040 SF |
| Sale Terms: | Cash to Seller |
| Cap Rate: | 7.3% |
| Average Occupancy Rate: | 100 |
| Last Updated: | 3/13/2024 |
Overview / Comments
|
Value Add Industrial Investment Property - 2 Industrial Park Drive consists of two (2) fully occupied industrial flex/office buildings totaling approximately 60,635 +/- Gross Square Feet (GSF) on a six (6) acre parcel of industrial zoned land located in an established industrial park. Building 1 - Is a single story flex industrial/office building built in 1979. The building is steel framed with exterior walls constructed of brick veneer and pre -finished metal panels. Wall heights are approximately 12' to 14' +/- and the interior space has forced air heating by natural gas and central A/C in the office areas. Building 2 - Is a single story pre-engineered industrial warehouse building built in 1979. The building is steel framed with exterior walls are pre- finished metal panels. Wall heights are approximately 12' to 14' +/- and the interior space has forced air heating by natural gas. Both buildings are serviced by municipal water, municipal sewer and natural gas. |
Attachments & Media
Financials
| Finance Data Year | 2022 |
|---|---|
| Real Estate Taxes - Annual($) | $76,716 (Annual) |
Additional Details
| Nearest MSA: | Concord |
| County: | Merrimack |
| Tax ID/APN: | 622/Z 21 |
| Zoning: | INDUSTRIAL |
| Property Located Between: | Loudon and Pembroke NH |
| Highway Access: | 3.5 miles via highway access off I-93 to Old Turnpike Road to Regional Drive |
| Airports: | Concord Municipal Airport |
| Site Description: | Site is fully built-out, level surface parking area and buildings. |
| Area Description: | The property is located in an established Industrial Park by the Concord Municipal Airport. |
| Tenancy: | Multiple Tenants |
| Total Number of Buildings: | 2 |
| Number of Stories: | 1 |
| Typical SF / Floor: | 26,290 SF |
| Roof Type: | Flat |
| Construction/Siding: | Metal Siding |
| Parking Type: | Surface |
| Parking Description: | Surface Parking Lot in the front of Building 1 and in loading area between both buildings. |
| Total Parking Spaces: | 85 |
| Eave Height: | 14 |
| Column Spacing: | 25' x 25' |
| Sprinklers: | None |
| Heat Type: | Natural Gas |
| Heat Source: | Central, Heat Pump |
| Air Conditioning: | Other |
| Internet Access: | Cable |
| Interior Description: | The interior space of Building 1 consists mainly of built-out office space with a combination of private offices, conference rooms and meeting space. Building 2 mainly consists of warehouse and storage space. |
| Zoning Description: | Industrial Zone |
| Lot Frontage: | 637' |
| Lot Depth: | 375' |
| Water Service: | Municipal |
| Sewer Type: | Municipal, Septic |
| Legal Description: | See Merrimack County Registry of Deeds - Book 3670 Page 0503 Date 03/26/2020 |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 3,512 | 26,198 | 46,028 |
| Median Age: | 38.6 | 40.02 | 40.31 |
| Households: | 1,557 | 11,427 | 18,516 |
| © Copyright 2024 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Moody's assume any liability for errors or omissions. |
