Warehouse/Distribution Property for Sale

Industrial for Sale
Catylist Listing ID: 30312861
Property Subtypes: Free-Standing, Industrial-Business Park, Manufacturing, Light Industrial, Office Showroom, Self Storage, Truck Terminal, Warehouse/Distribution, Other
Building Size (RSF): 22,500 SF
Gross Land Area: 2.91 Acres
Sale Price: $1,800,000
Unit Price: $80 PSF
Ceiling: 23 ft.
Docks/Doors: 2 Docks, 10 Doors
Office SF: 2,250 SF
Drive In Bays: 10 Bays
Property Use Type: Vacant/Owner-User
Usable Size (USF): 22,500 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/18/2018

Overview / Comments

Rare warehouse/industrial/distribution property and building with a total of 22,500 square feet on 2.91+/- acres. Municipal water and sewer, and natural gas are available at the building. Column space varies between 16'-20' on center. Electric includes 3-phase power with 800 amp/208 volt service in addition to a 12 inch water main. Phase II proposes an additional 1,680 SF first floor structure ideal for retail/office/bank or other commercial use.

Roof is metal and insulated and the building is fully wet sprinklered. The building is 80 feet by 225 feet with approximately 23 foot clear height on center and approximately 18 foot clear on outside walls on a 6" concrete reinforce slab with an approximate 3,000 PSI floor load.

The building has ten 12 foot by 12 foot drive-in over head electric steel doors along the southerly side of the building. There are two 10'x10' covered angled platform loading dock high (4') with electric steel doors on the northerly side of the building.

There is additional unfinished office space, possibly for a separate tenant, at the rear of the building. The space measures 22 feet by 80 feet and includes a second floor unfinished mezzanine for additional offices or storage.

Administrative offices, approximately 2,300+/- SF include a walk-in vestibule, open office area/reception, tele/com closet, several individual offices, two accessible bathrooms. Ceiling is 2'x4' dropped ceiling tiles with typical 2x4' recessed parabolic flourescent light fixtures.

Immediately above the first floor office is a mostlly finished mezzanine area with several large areas for storage and a separate break/kitchenette room accessible via the warehouse area.

Warehouse is currently divided into several sections but all could be combined. Section 1 has two 12'x12' OH doors approximately 920+/- SF, a separate room for small repair service approximately 364+/- plus additional small inventory and storage room. Section 2 warehouse area is approximately 6,500+/- SF and Section two is approximately 4,800+/- SF. Lighting in the warehouse areas consists pendant MTD metal halide lamps 400W.

Access via Bypass 28 (Londonderry Turnpike) to Route 101 Exit 1 and DW Highway to Route 93 Exit 9.

All square footages are approximate.

Financials

Finance Data Year 2017
Real Estate Taxes - Annual($) $21,392 (Annual)

Additional Details

Nearest MSA: Manchester-Nashua
County: Merrimack
Submarket/Township: Manchester
Taxing Authority: Town of Hooksett, NH
Tax ID/APN: 31-34
Zoning: COMMERCIAL
Highway Access: Route 101, Exit 1 or Route 93, Exit 9N
Airports: Manchester-Boston Regional Airport
Site Description: Rectangular (irregular) level lot
Area Description: Mix of commercial and single family residential, just south of large retail corridor.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 18,000 SF
Property Condition: Excellent
Year Built: 2000
Roof Type: Gable
Construction/Siding: Aluminum Siding, Metal Siding, Steel Frame
Parking Type: Surface
Parking Description: Parking is located in several locations around the property totaling 50 spaces.
Total Parking Spaces: 50
Eave Height: 18
Column Spacing: 16-20
Sprinklers: Wet
Amps: 800
Volts: 208
X-Phase: 3
Heat Type: Natural Gas
Heat Source: Central, Ceiling Units, Radiant
Air Conditioning: Package Unit
Lighting: Fluorescent, Halide Reflective
Internet Access: Cable
Interior Description: A mix of office in the front, warehouse in the middle and an unfinished office area in the rear. Office in front and rear have mezzanine space on second floor.
Zoning Description: Commercial zone with numerous permitted uses
Lot Frontage: 200
Lot Depth: 690 and 341
Water Service: Municipal
Sewer Type: Municipal
Easements: Pipelines, Utilities
Easements Description: Utility easement along the southerly property line.
Legal Description: See Deed

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 31,613 106,210
Median Age: 39.74 36.19
Households: 13,227 43,286

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