2637 US Route 5 North

Industrial for Sale
Catylist Listing ID: 30024046
Property Subtypes: Manufacturing, Office Showroom, Warehouse/Distribution
Building Size (RSF): 15,000 SF
Gross Land Area: 3.15 Acres
Sale Price: $529,000
Unit Price: $35.27 PSF
Ceiling: 18 ft. / 16 ft. Clear
Docks/Doors: 5 Doors
Drive In Bays: 5 Bays
Property Use Type: Net Leased Investment (NNN)
Building Name: Spirol Manufacturing
Usable Size (USF): 15,000 SF
Sale Terms: Cash to Seller, Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 12/5/2017

Overview / Comments

This facility has been very well maintained and is easily accessed from I-91. It has an up-to-date ESA indicating a clean environmental facility. Current tenant to occupy until early 2018 with an NNN lease. Offered at $529,000.

One story with loft offices/storage.

Financials

Finance Data Year 2016
Real Estate Taxes - Annual($) $6,383 (Annual)
Potential Rental Income $72,000 (Annual)
Net Operating Income $72,000 (Annual)
Actual or Proforma Year Actual

Current Tenants

Tenant Business Name Spirol Manufacturing
Industry Type Manufacturing

Additional Details

Nearest MSA: Claremont-Lebanon
County: Windsor
Tax ID/APN: 22-430002.837
Zoning: ROADSIDE BUSINESS
Property Located Between: Lebanon, NH - Springfield, VT
Highway Access: US Route 5
Airports: Lebanon Municipal Airport
Site Description: Elevated site - level.
Area Description: Mixed use - residential/business/retail
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Renovated: 1997
Roof Type: Gable
Construction/Siding: Aluminum Siding
Exterior Description: Pre-engineered steel building with aluminum siding
Parking Type: Surface
Parking Description: sheet parking
Total Parking Spaces: 30
Column Spacing: free span
Overhead Cranes: 3
Sprinklers: None
Amps: 400
Volts: 208
X-Phase: 3 phase
Heat Type: Oil
Heat Source: Baseboard, Ceiling Units
Air Conditioning: Package Unit
Lighting: Fluorescent
Internet Access: Cable, DSL
Interior Description: Large display/office area attached to manufacturing/warehouse - supported by individual offices
Zoning Description: Roadside Business
Lot Frontage: 323'
Water Service: Municipal
Sewer Type: Municipal
Easements Description: Driveway easements shared with abutter
Land Ownership: Fee Simple

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,249 3,553 6,476
Median Age: 41.66 42.9 45.08
Households: 991 1,492 2,701

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