Investment Property Fully Leased

Industrial for Sale
Catylist Listing ID: 30609807
Property Subtypes: Manufacturing, Light Industrial, Warehouse/Distribution
Building Size (RSF): 85,568 SF
Gross Building Area: See Agent
Gross Land Area: 5.30 Acres
Sale Price: $4,900,000
Unit Price: $57.26 PSF
Ceiling: 21 ft. Clear
Docks/Doors: 9 Docks
Drive In Bays: 6 Bays
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/1/2020

Overview / Comments

This fully leased industrial complex offers 3 buildings, all fully leased. The location is about 5 minutes from Exit 4, Interstate 93, making it an ideal candidate for eventual re-purposing into a last-mile customer fulfillment center. The main building (113) is about 75,000 sf, the second building (111), recently gutted and renovated is 2,400 sf and the third building (109) is about 8,500 sf. The main building is fully wet sprinkled. The main building has 3 separate tenant spaces at grade and 4 separate tenant spaces in the lower level. Each tenant space is separately metered for gas and electric. The main building offers several loading docks and drive-in bays. Bay spacing is very large and clear height at the ridge is about 21'. The second building, 111, has 1 drive-in bay. The third building (109) has 2 separate tenant spaces with drive in and dock high loading available. There is a small outside yard fronting on Londonderry Rd. which is also leased out. There are a total of 8 tenants: 4 tenants in the main building, 1 tenant in 111 Bldg. 2 tenants in 109 Bldg. and the yard tenant. NDA is attached, all signatures required. Lease will be released once the Beyer controls the property with an LOI or PSA.

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Tax ID/APN: 010 113 0
Zoning: COMMERCIAL II
Highway Access: Exit 4, Interstate 93
Airports: Manchester Boston Regional and Logan Internat'l
Site Description: The site gently slopes away from Hillside Ave. allowing the buildings to offer dock high loading, drive in loading and 24,000 sf of walk-out lower level space which has been rented to the same tenant for over 10 years.
Area Description: The building is surrounded by commercial type users except that to the South east, there are some residential homes.
Total Number of Buildings: 3
Number of Stories: 2
Property Condition: Good
Roof Type: Flat
Construction/Siding: Metal Siding
Exterior Description: The exterior siding of 113 (main bldg) and 111 Hillside Ave is corrugated metal in very good condition and painted in 2019. 109 Hillside is masonry exterior, primarily stucco.
Parking Description: On Site Paved
Column Spacing: 50 X 100
Sprinklers: Wet
X-Phase: Three
Heat Type: Propane
Heat Source: Ceiling Units
Lighting: LED, High Pressure Sodium
Internet Access: Cable
Zoning Description: Commercial II allows many industrial, manufacturing, distribution and auto related uses by right.
Water Service: Municipal
Sewer Type: Septic
Legal Description: RCRD 3836/1306

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,698 38,650 65,353
Median Age: 40.36 38.84 39.38
Households: 2,964 14,747 23,818

Contact

Photograph of Listing Agent

Ralph Valentine, CCIM

The Valentine Group
NECPE Member
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