Investment Opportunity; Own a Tenanted Office/Medical Condo

Undisclosed Address, Nashua, NH 03060
Office for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30820495
Property Subtypes: Business Park, Executive Suites, Medical, Office Building, Other
Condo? Yes
Building Size (RSF): 2,289 SF
Gross Building Area: See Agent
Sale Price: $299,000
Ceiling: 9 ft.
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: 6.5%
Average Occupancy Rate: 100
Last Updated: 11/22/2022

Overview / Comments

For Sale: 2 Tenanted Professional Office/Medical Condo units in a Multi-Unit building. Owner runs a Medical Practice in the 2 conjoined units. 2 of several units present on 1st floor, several other tenanted units exist on the 2nd floor.

There are 7 offices/exam rooms, 3 bathrooms, waiting/reception area. Ample parking is available for the unit and building.

- Sale is contingent upon new owner and current owner reaching satisfactory Leaseback agreement to continue the dermatology practice, likely for a period of 5-10 years, likely shorter lease term with option(s) to extend. Lease TBD

- See Agent, NDA required for more details.

Additional Details

Tax ID/APN: 00019-000015
Is Condo?: Yes
Zoning: RB
Property Visibility: Excellent
Highway Access: Located Near South Nashua, minutes from Rt 3; approx 25 min from Manchester < 55 min from Boston Easy access & Excellent Location
Airports: 1 hr to Boston Logan, 30 min to Manchester Nh Airport
Site Description: The Two Units that make up the dermatology practice are conjoined and both included in the sale. There are several other professional/medical tenants on the 1st and 2nd floor of same building, which is fully tenanted.
Year Built: 1970
Year Renovated: 1984
Roof Type: Gable
Construction/Siding: Brick
Exterior Description: Single Condominiumized Brick Building
Parking Type: Surface
Parking Description: Ample Shared Parking in Paved lot behind building
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Baseboard
Interior Description: Currently configured of receptionist area, waiting room, exam & office rooms, bathrooms
Zoning Description: RB
Lot Frontage: Road
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: NA


Photograph of Listing Agent

Kathy MacKinnon

RE/MAX Commercial Innovative Properties
NECPE Member
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