Airport Business Park
Mixed Use - Residential - Business - Downtown Manchester Vermont - 7.64% CAP | 38,346 SF
Listing Contacts
License: VT VT 082.0117500
Active
Asking Price: $3,600,000
Earnest Money Deposit: $50,000 min.
Address
14 Terrys Loop, Manchester, VT 05255
Show on MapDate Added
Nov 5, 2024
Days on Market
136 days
Time Since Last Update
41 days
Details
Property TypeIndustrial, Mixed Use, Multifamily, Office
SubtypeApartment Building, Flex, Warehouse
Investment TypeNet Lease
ClassB
Lease TypeNNN
TenancyMulti
Number of Tenants25
Lease Term2 years
Lease Commencement11/05/2024
Lease Expiration11/05/2026
Remaining Term2 years
Square Footage38,346
Net Rentable (sq ft)38,346
Price/Sq Ft$93.88
Cap Rate7.64%
Occupancy100%
Occupancy Date11/05/2024
NOI$275,000
Units25
Year Built1990
Year Renovated2024
Buildings7
Stories2
ZoningMU2
Lot Size (acres)3.81
Broker Co-OpYes
APN375-116-11141
OwnershipLLC
Loading Docks2
Dock High Doors2
Ceiling Height14
Marketing Description
Discover a prime commercial opportunity at the heart of southern Vermont! Located off Airport Road in Manchester, this well-established industrial park offers a versatile space for businesses, developers, or investors looking for a strategic location. Comprising 38,000 sq feet over 7 buildings, this site is a well-maintained industrial park that blends convenience and functionality.
Currently 100% leased, the property features several large industrial buildings, flexible spaces for warehousing, manufacturing, or distribution, and ample parking. Its location offers excellent access to major routes, including Route 7, making it an ideal hub for logistics, light manufacturing, or a growing business looking to expand operations.
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$275,000.00
$22,916.67/mo
Valuation Metrics
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0
DSCR
7.64%
Cap Rate
7.64%
ROI
Due Diligence
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Listing Contacts
- License: VT VT 082.0117500
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Broker Information
Broker Information
Broker Name
Paul William Carroccio
Broker License
VT VT 082.0117500
Brokerage Address
Manchester, United States 05255
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