Listed by The Stubblebine Company
$5,000,000
867 Route 12
Details
Property Type Industrial
Sub Type Warehouse
Square Footage 61,540
NOI $235,369
Occupancy 90%
Tenancy Multi
Lease Type Gross
Pro-Forma NOI $406,458
Price per SqFt $81
Year Built 1987
Year Renovated 2006
Buildings 9
Acreage 15.390
Zoning C/I - Commercial/Industrial
Parking Spaces 73 spaces
Parking Per SqFt 1.19
Ceiling Height 10' - 22' Clear
Dock High Doors 22
Industrial | 61,540 SqFt
Marketing description
As exclusive agent, the stubblebine company / corfac International is pleased to offer for sale the westmoreland Industrial park, located at 867 nh-12 (21 industrial park drive), Westmoreland, new hampshire. The subject multi-tenant Industrial park is comprised of nine (9) buildings totaling 61,540 sf. The park is 90% leased, with a current net operating income (noi) Of $235,369. anchored by polyonics, inc. (23,427 sf / 38% of gla), The park offers diversified income across eight (8) of nine (9) fully Occupied buildings. Current leases are short-term, affording a Significant mark-to-market opportunity.
Investment highlights
- Significantly Below Market Rents
- Short-Term Leases
- Opportunity to Substantially Raise Rents and Acquire a High-Quality Portfolio for Well Below Replacement Cost
- Four (4) Tenants Occupying Eight (8) Buildings
- Possibility For Up to 35,000 SF Expansion
Listing Contacts
Listed by The Stubblebine Company
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$235,369.00
$19,614.08/mo
Valuation Metrics
0
DSCR
4.71%
Cap Rate
4.71%
ROI
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