302 Main St - Warehouse FOR SALE
Somersworth, NH 03878 |
302 Main St
Somersworth, NH 03878
HIGHLIGHTS
- Severely Below Market Rates – Opportunity to increase rents as the current rents are between 40% and 51% below the average market rents.
- Real Estate Diversification – Opportunity to purchase 4 diverse and established streams of real estate income. Including a high physical occupancy
- Storage Expansion – Readily available opportunity to expand storage by ±10,000 SF.
- Strong Market Growth – Located just north of Boston in a rapidly growing suburb, following trends of urban outflow into New England suburbs.
- Additional Storage Revenue Streams – The New owner can implement admin fees and tenant insurance to increase overall revenue produced.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
EMERALD CITY STORAGE AND LAUNDRY
PROPERTY TYPE
Industrial
PROPERTY SUBTYPE
Warehouse
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1920
UTILITIES
Gas, Water, Sewer, Heating
CLEAR CEILING HT
18 Ft
DOCKS
1
DRIVE INS
1
PARKING SPACES
39
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
FRMN-000007-000008-000000-U000000,SMSW-000008-000001
