75 GILCREAST RD SUITE 3210 & 3101

Office for Sale
Also listed as Business Opportunity
Catylist Listing ID: 30594519
Property Subtypes: Business Park, Executive Suites
Condo? Yes
Building Size (RSF): 4,851 SF
Gross Building Area: 26,000 SF
Gross Land Area: 8 Acres
Sale Price: $1,250,000
Ceiling: 8 ft.
Property Use Type: Investment, Business
Building Name: Londonderry Square Office Park
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/17/2020

Overview / Comments

Sale includes 2 office condominiums. Business Fully Furnished Turnkey Office Work Suites by membership. Brand New completely fit up with all furniture electronic window coverings. Business just opened 2020 and has $8500 a month in gross income with potential to increase to $35,000 a month. Just off exit 4 Hwy 93 on Nashua Rd (Route 102), located at the Londonderry Square Office Park. 4,624 Sf of office space includes mail room (unit 3101: 227 SF and other room 227 sq ft) on the first floor. Unit features multiple half-baths, kitchen with bar counter, cabinetry, many private offices, also offices with desk rental, o Building is serviced by elevator. Easy access to exit 4, I-93, stores, banks, restaurants and more. Close to the large Woodmont Commons Development.

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $7,876 (Annual)
Potential Rental Income $350,000 (Annual)
Gross Operating Income $150,000 (Annual)
Net Operating Income $200,000 (Annual)
Actual or Proforma Year Proforma

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Submarket Type: Central Business District
Tax ID/APN: 007 065C 3303
Is Condo?: Yes
Zoning: C1
Property Visibility: Excellent
Highway Access: I-93 exit 4
Airports: Manchester - Boston
Site Description: Level Landscaped
Area Description: Busy professional downtown Londonderry near the new Woodmont Acres being built now.
Total Number of Buildings: 3
Number of Stories: 3
Year Built: 1987
Year Renovated: 2020
Construction/Siding: Wood Frame
Exterior Description: Vinyl Siding
Parking Type: Surface
Parking Description: large parking areas next to building
Sprinklers: Dry
Heat Type: Propane
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: Newly updated all new furnished offices, common areas
Lot Frontage: 600 ft.
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,419 32,780 66,189
Median Age: 40.77 39.01 39.45
Households: 1,714 12,390 24,170

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