First Class Office Building

Office for Sale
Catylist Listing ID: 30410438
Property Subtypes: Business Park, Executive Suites, Office Building
Building Size (RSF): 45,350 SF
Gross Building Area: See Agent
Gross Land Area: 3.94 SF
Sale Price: $4,250,000
Unit Price: $93.72 PSF
Property Use Type: Investment
Class of Space: Class C
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 78
Last Updated: 9/30/2020

Overview / Comments

We are pleased to present a first class office building at 7 Henry Clay Drive, Merrimack, NH available for sale or lease. This well-maintained, 45,350± SF 2-story building is about 78% occupied by 2 long-term tenants, Clark & Lavey Benefits Solutions, Gate City Charter School, as well as the buildings newest tenant Apricot Design. Unit 203 is 5,263± SF on the 2nd floor and is comprised of 6 offices, 2 conference rooms, and open space. Although Gate City Charter School currently occupies the entire first floor, there is a 4,800± SF space that it rents on a month-to-month basis, making it available for lease. Ample parking on-site with 210 spaces.

Location offers easy highway access to the Everett Turnpike, via Exit 10. Neighboring businesses include Consolidated Communications, Anheuser-Busch, BAE Systems, Elbit Systems, and more. Nearby amenities include restaurants, hotels, supermarkets, retail stores, banks, and the Merrimack Premium Outlets.

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Additional Details

Nearest MSA: Manchester-Nashua
County: Hillsborough
Tax ID/APN: 02E/041/003
Zoning: INDUSTRIAL
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1990
Total Parking Spaces: 210
Heat Type: Natural Gas
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,085 44,638 117,786
Median Age: 35.69 38.89 39.25
Households: 1,401 17,744 45,080
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