99 Airport Road

Industrial for Sale
Catylist Listing ID: 30203975
Property Subtypes: Flex Space, Free-Standing, Manufacturing, Light Industrial
Building Size (RSF): 26,739 SF
Gross Land Area: 3.50 Acres
Sale Price: $650,000
Unit Price: $24.31 PSF
Ceiling: 10 ft.
Docks/Doors: 3 Docks, 4 Doors
Drive In Bays: 1 Bay
Property Use Type: Investment
Building Name: 99 Airport Road
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/13/2018

Overview / Comments

99 Airport Rd was built in 1957 and has been renovated over time to accommodate and adapt to expanding business needs. The building is 26,739± SF of concrete block masonry construction featuring three (3) tailboard loading docks and one (1) Drive-In door located on a 3.5 Acre site boasting 850’ of frontage on highly traveled Airport Rd. The property is serviced by City Water, City Sewer and Natural Gas. The building is currently occupied by three (3) tenants renting approximately 20,494± SF.

This is an excellent property for an owner/user to purchase their own property with existing tenants in-place to help with expenses.

Current Tenants

Tenant Business Name EXACOM, Inc.
Is Renting? Yes
Tenant Business Name State of New Hampshire
Is Renting? Yes
Tenant Business Name Hand Technologies, Inc.
Is Renting? Yes

Additional Details

Nearest MSA: Concord
County: Merrimack
Taxing Authority: City of Concord
Tax ID/APN: 110/G 1/ 15
Zoning: IN
Property Located Between: Exits 13 & 14 off I-93
Highway Access: 1.5 miles to Interstate I-93
Airports: Concord Airport Adjacent
Area Description: The property is located on Airport Road in Concord, NH adjacent to the Concord Municipal Airport. It has frontage on Airport Road with highly visible signage.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1957
Roof Type: Flat
Construction/Siding: Concrete
Parking Type: Surface
Parking Description: The property has an excess of parking with surfacing parking available to the north, south and some parking in the front of the building.
Column Spacing: varies
Sprinklers: Wet
X-Phase: 3-Phase Power
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Lighting: Fluorescent
Interior Description: The interior of the building is built-out as multi-tenant space with a mixed use of office, lab, light assembly and storage.
Zoning Description: Industrial
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple
Legal Description: Contact broker for a copy of the deed.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,518 24,164 53,983
Median Age: 36.21 39.41 40.15
Households: 1,578 10,847 21,634


Photograph of Listing Agent

Mike Harrington, CCIM

Harrington & Reeves, LLC. NECPE Member
Photograph of Listing Agent

Chris Melanson

Harrington & Reeves
NECPE Member
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