Large Industrial/Office Property for Lease - Concord, NH

Industrial for Lease
Catylist Listing ID: 30352302
Property Subtypes: Cold Storage, Flex Space, Manufacturing, Mixed Use, Light Industrial, Warehouse/Distribution
Contiguous Space: 1,500 - 70,000 SF
Building Size (RSF): 70,000 SF
Gross Building Area: 115,035 SF
Gross Land Area: 24.22 Acres
Lease Rate: $6.50 - 8.50 PSF (Annual)
Lease Types: Gross Lease, Other
Ceiling: 14 ft.
Docks/Doors: 2 Docks, 6 Doors
Drive In Bays: 4 Bays
Building Name: 70 Pembroke Rd
Usable Size (USF): 70,000 SF
Last Updated: 12/14/2018

Overview / Comments

70 Pembroke Rd, located in the heights section of Concord, is a 24.22 acre site adjacent to the city's airport. The 112,383 SF facility on the site was constructed between 1957 to 1967. The property features 512 parking spaces with 4 overhead doors and 6 garage bays, as well as 2 docks to service the single story multi-tenant office/industrial building. The current owner has occupied a large portion of the property for several years. However, they are now in the process of offering all available space for lease. There are approximately 70,000 SF of space that could be available in any number of sizes starting with as low as 1500 SF. Based on the large site and building in a central location with easy access to the airport and highways, it is worth consideration for any number of uses. Office space is being offered at $8.50/SF Gross and industrial space at $6.50/SF Gross. Tenants will be required to pay amortized cost of fit up and increase over the first year's operating expenses. A tour of the facility will show limitless possibilities.
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Expand All Available Space

Suite: 1 70,000 SF $6.50 - 8.50 PSF (Annual) Gross Lease,Other
Level/Floor: 1
Space Available: 70,000 SF
Minimum Divisible: 1,500 SF
Lease Rate: $6.50 - 8.50 PSF (Annual)
Lease Type: Gross Lease,Other
Space Description: The building features a mix of finished office with industrial/warehouse space. The ceiling height and flexible column spacing make it possible to convert the currently open warehouse spaces to office or light industrial space easily. The building has over 500 parking spaces and several locations throughout the building for truck access and delivery.
Space Subcategory: Mixed Use, Flex Space
Date Available: 12/1/2018
Space Type: Relet
Parking Spaces 512
Tax Expenses $0.93 PSF (Annual)
Rent Escalators Other
Rent Escalators Description Tenant will pay amortized cost of fit up and increase over the first year's operating expenses.
Ceiling 14 ft.
Loading Docks 2
Loading Doors 6
Drive In Bays 4

Additional Details

Nearest MSA: Concord
County: Merrimack
Tax ID/APN: 07046-8401
Zoning: OFP - OFFICE PARK
Property Located Between: Loudon Road and Regional Drive
Highway Access: From the site, take Canterbury Rd to I 393. Take I 393 W to connect with I 93 N/S or take I 393 E to connect with Rt 106 to the Lakes Region or Rt 4 to the Seacoast.
Airports: Concord, Manchester, Boston
Site Description: The site is a flat corner lot with landscaping in the front of the building and 231,400 SF of paving surrounding the side and rear of the facility. There are over 500 parking spaces.
Area Description: The building is located in an area with a variety of commercial uses as well as some residential. It backs up to Regional Drive which is the connector from the central part of the city to the office park industrial area of the heights. The zoning is OFP and surrounding uses include large office facilities, a school, and light industrial.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1957
Roof Type: Flat
Construction/Siding: Steel Frame
Parking Ratio: 4.5 (per 1000 SF)
Parking Type: Surface
Parking Description: The site features 231,400 SF of paving and 512 parking spaces on the west side of the building and to the south accessing the truck docks and bays.
Total Parking Spaces: 512
Column Spacing: Varies
Sprinklers: Wet
Amps: 3,000
Heat Type: Natural Gas
Heat Source: Ceiling Units, Radiant
Air Conditioning: Engineered System, Other
Lighting: Fluorescent
Interior Description: Mix of finished office with industrial/warehouse space.
Zoning Description: OFP-Office Park
Water Service: Municipal
Sewer Type: Municipal
Easements: Other

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,312 26,581 46,729
Median Age: 37.33 39.7 39.72
Households: 2,371 11,763 18,852

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