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: |
$81.64 PSF |
| Ceiling: |
12 ft. |
| Docks/Doors: |
25 Docks |
| Drive In Bays: |
3 Bays |
| Property Use Type: |
Investment |
| Building Name: |
2 Industrial Park Drive |
| Usable Size (USF): |
56,040 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Average Occupancy Rate: |
100 |
| Last Updated: |
3/8/2023 |
Overview / Comments
Value Add Industrial Investment Property - 2 Industrial Park Drive consists of two (2) fully occupied industrial flex/office buildings totaling approximately 60,635 +/- Gross Square Feet (GSF) on a six (6) acre parcel of industrial zoned land located in an established industrial park.
Building 1 - Is a single story flex industrial/office building built in 1979. The building is steel framed with exterior walls constructed of brick veneer and pre -finished metal panels. Wall heights are approximately 12' to 14' +/- and the interior space has forced air heating by natural gas and central A/C in the office areas.
Building 2 - Is a single story pre-engineered industrial warehouse building built in 1979. The building is steel framed with exterior walls are pre- finished metal panels. Wall heights are approximately 12' to 14' +/- and the interior space has forced air heating by natural gas.
Both buildings are serviced by municipal water, municipal sewer and natural gas.
|
Financials
| Finance Data Year |
2022 |
| Real Estate Taxes - Annual($) |
$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 |
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 |
|
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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.
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