120 East Hollis Street / 39 Bridge Street

Industrial for Sale
Catylist Listing ID: 30286004
Property Subtypes: Flex Space, Light Industrial, Office Showroom, Warehouse/Distribution
Building Size (RSF): 96,700 SF
Gross Building Area: See Agent
Gross Land Area: 3.32 Acres
Sale Price: See Agent
Ceiling: 17 ft. Clear
Docks/Doors: 16 Docks
Drive In Bays: 10 Bays
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: 120 East Hollis Street / 39 Bridge Street
Sale Terms: Cash to Seller, Owner Financing
Last Updated: 12/6/2018

Overview / Comments

The availability of 120 East Hollis Street offers a distinctive opportunity for an owner-user or investor to purchase an income-producing, multi-tenanted industrial warehouse property conveniently located along NH Route 111. The property is less than 3/4 of a mile to downtown Nashua and in very close proximity to the Merrimack River Bridge and Hudson NH. It is approximately three (3) miles from Exit 5 on US Route 3. With the recently completed development of The Residences at Riverfront Landing: https://www.riverfrontlanding.com (diagonally across Bridge Street) 120 East Hollis Street also offers a potential future redevelopment opportunity.

The warehouse clear-heights vary between 14' +/- at the eaves, up to 17' ~ 28' at the peak.

There are currently seven (7) tenants leasing approx. 71,700 +/- SF, with approx. 25,000 +/- SF available for an owner-user to occupy, or for an investor-buyer to lease for additional income.

Additional Details

Nearest MSA: Manchester-Nashua
County: Hillsborough
Tax ID/APN: 0039-00033
Zoning: G1
Property Located Between: East Hollis Street and Bridge Street
Highway Access: 120 E. Hollis Street is located east of Downtown Nashua, easily accessed via Exits 5 or Exit 6 from the FE Everett Turnpike; US Route 3. It is only 2.5 miles from Exit 5 along NH Rte 130 and approximately 2.4 miles from Exit 6 via NH Rte 111/NH Rte 101A.
Rail Access: Yes
Airports: Manchester-Boston Regional Airport
Site Description: 120 East Hollis Street is a 3.32 acre flat industrial site, easily accessed from both East Hollis Street (NH Rte 111) and Bridge Street. The building runs the entire length of Belknap Street with nine (9) drive-in doors accessed from Belknap Street and sixteen (16) docks and one (1) additional drive-in door along the front. Railroad tracks run along the entire front of the property, adjacent to the parking lot and drive-lanes.
Area Description: Nashua is home to over 85,000 residents making it the second largest city in New Hampshire. This vibrant community is situated along the Merrimack and Nashua Rivers and is just 45 minutes away from Boston and 30 minutes from the New Hampshire Seacoast. 120 East Hollis Street is less than 3/4 of a mile from downtown Nashua and surrounded by numerous amenities, retailers, service providers, restaurants and eateries. Recently constructed luxury apartments are located diagonally across from the site along Bridge Street, overlooking the Merrimack River: https://www.riverfrontlanding.com
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1900
Year Renovated: 2000
Roof Type: Gable
Construction/Siding: Steel Frame
Exterior Description: Corrugated Metal Panel
Parking Type: Surface
Parking Description: The parking area along the western side of the property consists of a combination of truck and tractor-trailer parking at docks. Additional parking is located along the perimeter and adjacent to each business entrance.
Column Spacing: 15' x 20' / variable
Sprinklers: Wet
Heat Type: Natural Gas, Suspended Radiant Heaters
Heat Source: Ceiling Units, Radiant
Lighting: Fluorescent
Interior Description: Multiple tenanted spaces in various configurations from traditional warehouse to light production, service areas, showrooms, offices and production. Current leased spaces range from 1,700 +/- SF to 21,500 +/- SF. The remaining vacant space (Unit "W2") is approx. 25,000 +/- SF, consisting of warehouse and office space, with a 23,000 +/- SF warehouse area, of which approximately 5,000+/- SF benefits from a 28' +/- clear height. The vacant space is serviced by two docks (one interior) and an interior drive-in ramp.
Zoning Description: Industrial Warehouse
In Flood Plain?: Yes
Water Service: Municipal
Sewer Type: Municipal
Easements: Other

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,329 85,033 132,780
Median Age: 36.02 38.67 39.33
Households: 8,562 33,098 51,682

Contact

Photograph of Listing Agent

Deane Navaroli

William & Reeves, LLC.
NECPE Member
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