Listing courtesy of Ronald Fredette, Keller Williams Realty-Metropolitan 603-232-8282
162 Pembroke Rd, Concord, NH, 03301
1986
Price just reduced on thisQUALITY INVESTMENT PROPERTY FOR SALE: Attractive R&D brick exterior building located Concord NH w/favorable highway access. Full leased, NNN, TRIPLE NET rate. Two tenant office/light manufacturing space with 22,968 SF on 3.96 acres and 80 + parking. Property built 1996 and in meticulous condition w/consistent owner maintenance. Front tenant currently 12,000 SF office space in yr 6 of a 10 yr lease. Tenant 2 leases 11,000 SF w/approx 6000 SF high-tech manufacturing space + 5000 SF office space. Tenant 2 has occupied space for 6 years and is in year one of a two year extension with a 2 year renewable option. This property generates high rental income with superior investor financial indicators. Pro forma indicates approximately 17.3 % cash on cash return, 9.39 cap rates and 1.74 DSCR. Additional financial indicators show projected capital gains growth, due to building and tenant quality.
Status:
Active
Type:
Commercial
Zoning:
Comm
Frontage:
200
Acreage:
3.96
Construction
Brick Exterior
Elementary School:
1550000
School District:
Walker
MLS #:
4079802