Commercial office complex

Retail-Commercial for Sale
Catylist Listing ID: 30844384
Property Subtypes: Free-Standing Building
Building Size (RSF): 12,000 SF
Gross Building Area: See Agent
Sale Price: $1,399,000
Unit Price: $116.58 PSF
Property Use Type: Investment
Building Name: Strand
Sale Terms: Cash to Seller
Cap Rate: 7.1%
Average Occupancy Rate: 90
Last Updated: 11/10/2023

Overview / Comments

This 12000 square foot commercial building known as The Strand was fully renovated in 2005. This property has great visibility on Route 202, over 70 parking spaces and easy accessibility for clients. With many quality and long term tenants and an outstanding rental history, it is a most attractive investment property for a business or savvy investor. Co-Agent, Aileen Schnare, has ownership interest.

Additional Details

Nearest MSA: Manchester-Nashua
County: Hillsborough
Taxing Authority: Municipality
Tax ID/APN: U-15 lot 1
Zoning: COM
Retail Clientele: Business
Property Located Between: Village and 'Beepa and Louies' Restaurant
Property Visibility: Excellent
Largest Nearby Street: Rt 202N
Feet of Frontage: 253
Traffic/Vehicle Count: 10,000
Highway Access: Frontage
Airports: Manchester Boston
Site Description: Fully developed lot- completely renovated in 2005
Area Description: Belletetes Hardware, Monadnock Hospital in immediate vicinity.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Typical SF / Floor: 3,500 SF
Property Condition: Good
Year Built: 1985
Year Renovated: 2005
Roof Type: Gambrel
Construction/Siding: Wood Siding
Total Parking Spaces: 70
Parking Type: Surface
Parking Description: Resealed and lined
Sprinklers: None
Heat Type: Propane
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable, Gigabit, Fiber Optic
Lot Frontage: 253
Lot Depth: see plan
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: fee simple
Legal Description: per deed

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,893 6,578 9,687
Median Age: 43.66 43.83 46.5
Households: 732 2,659 4,055


Photograph of Listing Agent

Andrew R. Peterson

Four Seasons Sotheby's International Realty
NECPE Member
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