Investment Opportunity

Office for Sale
Catylist Listing ID: 30778704
Property Subtypes: Office Building, Other
Building Size (RSF): 14,480 SF
Gross Building Area: See Agent
Gross Land Area: 5.86 Acres
Sale Price: $1,225,000
Unit Price: $84.60 PSF
Property Use Type: Investment, Business
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/18/2022

Overview / Comments

Thornton Place is a three-building mixed use investment or owner occupied opportunity. Located near heavily traveled Everett Turnpike in Merrimack New Hampshire, this project boasts 14,480 square feet of total building. The property has frontage along Daniel Webster Highway with nearby retail. It also affords ample parking for many future uses. Present owner has invested into the property as it awaits a new owner investor or owner occupant.

The target acquisition price is well below replacement costs and affords a new owner both existing income as well as upside potential. Value add for investors is leasing the balance of the vacant space, or for an owner occupant to fill in the presently vacant space and collect income from the existing tenants.

Additional Details

Nearest MSA: Manchester-Nashua
County: Hillsborough
Tax ID/APN: 0006D1-000039-000000
Zoning: 02-C1-LTD COMMERCIAL
Property Visibility: Excellent
Highway Access: South on DW Highway, located just past the lighted intersection of DW and Bedford Road on the right.
Total Number of Buildings: 3
Number of Stories: 2
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,488 31,491 69,412
Median Age: 39.03 39.54 40.38
Households: 3,073 11,496 24,805

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