4 Cresent St - Medical FOR SALE


Concord, NH 03303
$4,873,201 USD
646-809-8840
4 Cresent St, Concord, NH for Sale
$4,873,201 USD
Medical - FOR SALE
1/6
null | 6.75% Cap Rate

4 Cresent St
Concord, NH 03303


HIGHLIGHTS

  • Structured Hedge Against Inflation | 2% Annually
  • Local Population Growth | 3.5% Increase in 5 Mile Radius Since 2020
  • Close Proximity to Interstate Highway | Under 2 Miles From I-93
  • Strong Location Fundamentals | Located Near Merrimack Middle School & High School
  • Mission Critical Location | Easy Access to Public Transportation (Washington St. Bus Stop)
  • Plans For Development | Concord Currently Has 570 Apartment Units that are Under Construction or Have Been Completed Recently

OVERVIEW

SAB Capital is pleased to present Penacook Family Physicians (Concord Hospital) in Concord, NH, just 70 miles northwest of Boston. This lease features a net lease (condo) structure with 2.5% annual rent escalations. Ideally located less than 2 miles from I-93, the property benefits from strong location fundamentals. The tenant, a well-established operator with significant regional presence and community reliance, holds a strong Fitch credit rating of AA-.

FOR SALE DETAILS

PRICE

$4,873,201 USD

PRICE/SF

$459 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Penacook Family Physicians (Concord Hospital)

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2011

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

2.11 AC

LAND SF

91,912 SF

ZONING

OCP

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Mark PomellaSAB CapitalMore Info
646-809-8840

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Mark PomellaSAB CapitalMore Info
646-809-8840

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.