7.43% Cap Value Add Industrial NH
Industrial
for Sale
Sale Pending
| Catylist Listing ID: |
30793872 |
| Property Subtypes: |
Free-Standing, Manufacturing, Light Industrial, Research & Development, Self Storage, Warehouse/Distribution
|
| Status: |
Pending |
| 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: |
3/16/2023 |
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 |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
20,585 |
37,354 |
| Median Age: |
40.28 |
42.16 |
| Households: |
8,192 |
15,243 |
|
© Copyright 2001-2023 Moody's. All Rights Reserved.
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.
|
