Excellent Investment for Sale
Retail-Commercial
for Sale
Also listed as Office
| Catylist Listing ID: |
30848272 |
| Property Subtypes: |
Free-Standing Building, Mixed Use, Retail-Pad, Street Retail, Other
|
| Building Size (RSF): |
14,011 SF
|
| Gross Land Area: |
2 Acres
|
| Sale Price: |
$2,600,000 |
| Unit Price: |
$185.57 PSF |
| Property Use Type: |
Investment |
| Building Name: |
Sullivan Square |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/27/2023 |
Overview / Comments
We are pleased to bring to market a long-standing iconic landmark "tower" retail building along with a traditional two-story office building on two acres of a highly visible land site situated at a lighted intersection right off NH Route 101. Surrounding amenities include, but are not limited to, a Lexus Dealership, Whole Foods, Trader Joe's, the newly developed Market & Main center and a Hannaford-anchored shopping plaza right next door. New long-term tenancies have added vibrancy to the property's investment value with many of the existing leases having been recently renewed. The Lighthouse Cafe tenant in 21 Kilton, having spared no expense with their renovations, moved in during 2022, bringing to the surrounding retail and office users a convenient retreat for breakfast and lunch items. Their baked goods rival the competition. This well-known assemblage of two buildings, currently 97% occupied, has been a main stay in Bedford over the years and is now being offered with new upgrades, excellent recent leases and all poised on one of Bedford's best office/retail sites. A full package of financial information is available with a signed NDA. We look forward to working with you on this prized asset!
|
Additional Details
| Nearest MSA: |
Manchester-Nashua |
| County: |
Hillsborough |
| Tax ID/APN: |
12-8-2 |
| Zoning: |
PZ- PERFORMANCE ZONE |
| Property Located Between: |
Main feed to South River Road north/south |
| Property Visibility: |
Excellent |
| Highway Access: |
Located on main feed to South River Road north/south and Kilton Road Exit off NH Route 101.
|
| Airports: |
Manchester-Boston Regional Airport |
| Site Description: |
Suburban Commercial Park |
| Total Number of Buildings: |
2 |
| Number of Stories: |
2 |
| Year Built: |
1980 |
| Year Renovated: |
2022 |
| Construction/Siding: |
Wood Frame |
| Exterior Description: |
Clapboard |
| Parking Ratio: |
4.3 (per 1000 SF) |
| Parking Type: |
Surface |
| Parking Description: |
4.3+/- spaces per 1,000+/- SF of office |
| Heat Type: |
Natural Gas |
| Heat Source: |
Heat Pump |
| Zoning Description: |
PZ-Performance Zoning |
| Lot Frontage: |
unknown |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Easements: |
Other |
| Easements Description: |
Single, shared access and parking lot serving both buildings.
|
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
6,156 |
88,599 |
143,724 |
| Median Age: |
44.25 |
36.49 |
37.77 |
| Households: |
2,350 |
35,053 |
56,821 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither New England Commercial Property Exchange nor
Moody's assume any liability for errors or omissions.
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