7.43% Cap Value Add Industrial NH

Industrial for Sale
Catylist Listing ID: 30793872
Property Subtypes: Free-Standing, Manufacturing, Light Industrial, Research & Development, Self Storage, Warehouse/Distribution
Building Size (RSF): 116,000 SF
Gross Building Area: See Agent
Gross Land Area: 6.52 Acres
Sale Price: $5,950,000
Unit Price: $51.29 PSF
Ceiling: 13.5 ft. Clear
Docks/Doors: 5 Docks
Drive In Bays: 2 Bays
Property Use Type: Investment, Vacant/Owner-User
Building Name: Leased Until 12/31/2024 - 1% Industrial Area Vacancy Rate
Usable Size (USF): 116,000 SF
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 9/12/2022

Overview / Comments

This value add investment is currently utilized as a national distribution center and is 100% leased until 4/1/2023. The building features 116,000 SF of warehouse/manufacturing space positioned in Rockingham Counties highly demanded Industrial market, with a 1% industrial vacancy rate. The property is leased to Great Bay Home at 50% below market rent, allowing a savvy investor to acquire this rare cash-flowing industrial asset for a fraction of the price. This asset is being offered for just $51/SF, which is half of today's replacement cost. The building offers heavy power, 2 drive-in bays, 5 loading docks, rail access and ample ceiling heights of 13'6''. Take advantage of the in-place cash flow allowing for massive future upside due to the current under-market rent.

Financials

Finance Data Year 2022
Real Estate Taxes - Annual($) $40,000 (Annual)
Potential Rental Income $1,015,000 (Annual)
Net Operating Income $442,000 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Tax ID/APN: 102-056-002
Zoning: INDUSTRIAL
Site Description: This value add investment is currently utilized as a national distribution center and is 100% leased until 12/31/2024 with an option to renew at market rent. The building features 116,000 SF of warehouse/manufacturing space positioned in Rockingham Counties highly demanded Industrial market, with a 1% industrial vacancy rate. The property is leased to Great Bay Home at 50% below market rent, allowing a savvy investor to acquire this rare cash-flowing industrial asset for a fraction of the price. This asset is being offered for just $51/SF, which is half of today's replacement cost. The building offers heavy power, 2 drive-in bays, 5 loading docks, rail access and ample ceiling heights of 13'6''. Take advantage of the in-place cash flow allowing for massive future upside due to the current under-market rent.
Area Description: Newfields is located in Rockingham County, and the subject property is located just 5 minutes off RT 101. Bordering towns include Stratham, Exeter, Epping & Newmarket.
Tenancy: Single Tenant
Year Built: 1967
Year Renovated: 2009
Parking Type: Surface
Column Spacing: 20x60
Sprinklers: Wet
Zoning Description: Industrial

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 20,585 37,354
Median Age: 40.28 42.16
Households: 8,192 15,243
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