A solid easy money maker fully occupied bringing a 7% cap rate at current rents. The two upstairs tenants could be more bringing the rate to 8%. This building Class A space with a credit anchor tenant who has been there for 20 years and just signed a fresh 5 year extension. There are nooo capital improvements needed. Great location with high visibility, ample parking, easy access, and high (10,989 VPD 2022) traffic count. Separate HVAC, central air, gas, and electric.
Mls | 4989539 |
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Listing Type | For Sale |
Subtype | Resale |
Status | Active |
Year | 1915 |
Days On Site | 256 |
Listing Provided By | RE/MAX Area Real Estate Network LTD | Steve Cotran |
Sq Feet | 4,488 |
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Basement | Y |
Units | 3 |
Zoning | OFFICE BLDG |
State | NH |
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County | Hillsborough |
City | Manchester |
Zip Code | 03103 |
Listing VS Median (in 03103) | |
Price: $1,000,000 low | high Med: $359,900 SqFt: 4,488 low | high Med: 2,280 $ / SqFt: $223 low | high Med: $158 On Site: 256 low | high Med: 95.000000 |