Sale and Lease-Back Opportunity

Office for Sale
Catylist Listing ID: 30872100
Property Subtypes: Business Park, Coworking, Medical, Office Building
Building Size (RSF): 4,800 SF
Gross Building Area: See Agent
Sale Price: $389,000
Unit Price: $81.04 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller, Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 5/16/2024

Overview / Comments

SALE AND LEASE-BACK OPPORTUNITY
This 4,800 SF office condo is conveniently located in Nashua between Exit 4 and 5 from the Everett Turnpike and situated within the Northbridge Business Center, which is one of the most professional, well maintained, and landscaped complexes in the area.

The space is nicely upgraded and comprised of two contiguous 2,400 SF units (#37 and #38) and consists of ample private offices, reception, conference rooms and open spaces making it an ideal option for many office uses.

The Seller would like to lease-back the upper 2,400 SF for 3 years, providing an excellent opportunity for cash flow and expansion space in the future. There is 2,400 SF of vacant space on the lower level with brand new flooring and paint throughout, for an owner to occupy immediately (this could be demised into two 1,200 SF units if desired).

Additional Details

Nearest MSA: Manchester-Nashua
County: Hillsborough
Tax ID/APN: C-2025-37/38
Zoning: PARK INDISTRIAL (PI)
Number of Stories: 2
Typical SF / Floor: 2,400 SF
Year Built: 1984
Parking Type: Surface
Parking Description: Ample Shared
Sprinklers: None
Heat Type: Natural Gas
Air Conditioning: Package Unit
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,930 83,329 127,328
Median Age: 40.34 39.12 39.37
Households: 5,372 33,681 49,965

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