22 Tenant Mixed-Use Investment in Downtown Derry

Office for Sale
Catylist Listing ID: 30720000
Property Subtypes: Mixed Use, Other
Building Size (RSF): 15,600 SF
Gross Building Area: 20,224 SF
Gross Land Area: 0.27 Acres
Sale Price: $2,465,000
Unit Price: $158.01 PSF
Ceiling: 9 ft.
In Opportunity Zone? Yes
Property Use Type: Investment, Business
Building Name: 100% Leased Depot Square Building
Class of Space: Class C
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/1/2021

Overview / Comments

Rare opportunity to own a 100% leased mixed-use building in Downtown Derry. 6 W Broadway is a 3 story mixed-use building that is home to a unique mix of 22 tenants. The rent roll features a rare mix of medical, office, retail and residential tenants to help mitigate the risk of future vacancies. The Office Depot Building offers investors the opportunity to collect immediate cash flow while bringing the rent roll to market rates. For added value, the sale comes with a second parcel currently used as private parking for tenants, located at 3 Merchants Row. 6 W Broadway is positioned in an opportunity zone allowing beneficial tax credits and incentives for investors. Call MANSARD today for more information.

Attachments & Media

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Tax ID/APN: 30024
Zoning: CENTRAL BUSINESS DISTRICT
Highway Access: 1.6 miles from I -93
Airports: 12.5 miles from Manchester - Boston Regional Airport
Site Description: Located in downtown Derry which is recognized as the preferred location of national brands such as CVS, Santander Bank, Gentle Dental, Great Clips & more. The Town's location offers easy access via exit 4 I-93 and surrounding interstate highways such as I-495.
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 5,200 SF
Year Built: 1980
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Brick/Masonry
Parking Type: Surface
Sprinklers: Wet
Heat Type: Other
Zoning Description: Mixed Use - Comm & Other

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,452 33,959 65,353
Median Age: 35.97 38.6 39.38
Households: 3,777 13,269 23,818

Contact

Photograph of Listing Agent

Jeremy Cyrier

Mansard NECPE Member
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