Fully-Occupied Office Building in Historic Concord
Office
for Sale
| Catylist Listing ID: |
30862952 |
| Property Subtypes: |
Office Building
|
| Building Size (RSF): |
8,718 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$949,900 |
| Unit Price: |
$108.96 PSF |
| Property Use Type: |
Investment, Business |
| Class of Space: |
Class B |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
7.1% |
| Last Updated: |
5/1/2024 |
Overview / Comments
Exceptional investment opportunity near the heart of historic Concord! This 8,718 SF, 6-unit freestanding office condominium is conveniently situated on North State Street within ~1 mile of Downtown Concord, Route I-93, and Route I-393. The property features highly visible signage, meticulously maintained grounds, and thoughtfully designed layouts that include reception areas, conference rooms, kitchenettes, and private bathrooms. The property’s 42 parking spaces and 3 garage bays serve as strong selling points to attract and retain top tenants. The building is fully-occupied and the current rent roll provides steady and predictable income, with over 60% of rents secured by leases extending to 2028-2029. This property is more than just office space - it's a smart investment in the next chapter of Concord’s storied legacy.
For a firsthand look at this prime commercial offering, contact Principal Broker Nick Gray at ngray@graypropertygroup.com and/or (603) 637-4812 ext 5.
|
Financials
| Finance Data Year |
2024 |
| Real Estate Taxes - Annual($) |
$19,400 (Annual) |
| Gross Operating Income |
$129,453 (Annual) |
| Net Operating Income |
$71,476 (Annual) |
| Actual or Proforma Year |
Proforma |
Additional Details
| Nearest MSA: |
Concord |
| County: |
Merrimack |
| Tax ID/APN: |
101913 |
| Zoning: |
UT |
| Property Visibility: |
Excellent |
| Total Number of Buildings: |
1 |
| Number of Stories: |
3 |
| Year Built: |
1826 |
| Roof Type: |
Gable |
| Construction/Siding: |
Vinyl Siding |
| Parking Type: |
Surface |
| Total Parking Spaces: |
42 |
| Sprinklers: |
None |
| Heat Type: |
Electricity, Natural Gas |
| Heat Source: |
Central, Heat Pump |
| Zoning Description: |
UT |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
2,886 |
32,391 |
46,421 |
| Median Age: |
35.44 |
39.88 |
39.79 |
| Households: |
1,361 |
13,223 |
19,033 |
|
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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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