Plaistow Commons Condominiums- Unit 4

Office for Sale
Catylist Listing ID: 30610699
Property Subtypes: Medical
Building Size (RSF): 2,440 SF
Gross Building Area: 16,872 SF
Gross Land Area: 2.75 Acres
Sale Price: $350,000
Unit Price: $143.44 PSF
Ceiling: 8 ft.
Property Use Type: Investment
Building Name: Plaistow Commons Condominiums
Class of Space: Class B
Usable Size (USF): 2,440 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 84
Last Updated: 5/21/2020

Overview / Comments

This Unit 4 is being sold as an Investment as of March 2021 the estimated CAP Rate will be 8.86%! (Based on 3rd Years Rent).The Unit was transformed in a medical unit 2 years ago. Great Layout with7 exam rooms, large waiting and reception and 2 physician offices.
Attractive modern ribbon of glass and brick Office Condominium Building located on Route 125 Plaistow, NH. this Medical Office 2,440 SF built-out just 2 years ago and is beatiful condition!
The building features is fully handicap accessible by exterior ramp and interior elevator, each unit has its own HVAC System.
The facility is just across RTE 125 from Exeter Hospital's new 45,000SF medical clinic.
Join CORE Pediatrics, Plaistow Pedatric Dentristry and Highland Family Dental!
Note: the RE Taxes of $5,182 may change when the Town assesses the units individully.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $5,182 (Annual)
Potential Rental Income $33,208 (Annual)
Gross Operating Income $41,349 (Annual)
Net Operating Income $31,030 (Annual)
Actual or Proforma Year Proforma

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Taxing Authority: Town Of Plaistow, NH
Tax ID/APN: 30-055-000-000
Zoning: COMMERCIAL1
Property Located Between: Plaistow Road and Walton Road
Property Visibility: Good
Highway Access: I-495 is only 3 mile south of the facility on Route 125, with great assessability to I-93 and I-95 !
Airports: The Manchester airport is 30 minutes away, Logan 60 minutes and Lawrence 15 minutes
Site Description: Excellent level site with 106 Parking Spaces.
Area Description: The facilty is located just across the street from Exeter Hospital's new Health care facilty! Excellent oppotunity for a heath Care professional to join Route 125 is a very busy road with many retailers including Home Depot, Walmart, Market Basket shaws and many other retail stores frequented by the MA Residents!
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 5,600 SF
Year Built: 1985
Year Renovated: 2015
Roof Type: Flat
Construction/Siding: Brick, Steel Frame
Exterior Description: Attractive Brick and Ribbon Glass with an metal trim on top with a center stairway and handicap ramp..
Parking Ratio: 7.5 (per 1000 SF)
Parking Type: Surface
Parking Description: The facility provides 106 parking spaces or 7.5 space per thousand.
Total Parking Spaces: 105
Passenger Elevators: 1
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: Each unit is attractively decorarated for its use.
Zoning Description: The Building is Zoned C-1, Commercial and allows most office and professonial uses.
Lot Frontage: 40
Lot Depth: 300
Water Service: Well
Sewer Type: Septic
Easements: Electric Lines, Ingress/Egress, Water Rights, Utilities
Easements Description: The facility has water and sewer easements shaed with the abutting Plaistow Commons Shopping Center.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,775 23,298 64,951
Median Age: 40.91 43.62 41.9
Households: 1,455 9,211 24,575

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