100% Leased Industrial Investment Property

Industrial for Sale
Catylist Listing ID: 30799537
Property Subtypes: Flex Space, Free-Standing, Industrial-Business Park, Light Industrial
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: Undisclosed
Average Occupancy Rate: 100
Last Updated: 9/23/2022

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.

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

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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

Contact

Photograph of Listing Agent

Mike Harrington, CRE, CCIM

Harrington & Company NECPE Member
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