305 Massabesic St - Manufacturing FOR SALE


Manchester, NH 03103- Hallsville
$3,500,000 USD
561-301-0988
305 Massabesic St, Manchester, NH for Sale
$3,500,000 USD
Manufacturing - FOR SALE
1/12
null | 8.44% Cap Rate

305 Massabesic St
Manchester, NH 03103
Hallsville


HIGHLIGHTS

  • STRATEGIC INDUSTRIAL LOCATION | FOUR MINUTES FROM 1-93 | FIVE MILES FROM MANCHESTER-BOSTON REGIONAL AIRPORT
  • MULTI-TENANT INDUSTRIAL ASSET | 37,760 SF ON 2.12 ACRES | LOW MARKET VACANCY
  • PRICED BELOW REPLACEMENT COST AT $93.98/SF WITH A 8.44% CAP RATE ON IN-PLACE INCOME | STABLE CASH FLOW WITH EMBEDDED UPSIDE
  • FUNCTIONAL FLEXIBILITY | 12' TO 24' CEILING HEIGHTS | MULTIPLE BUILDING SECTIONS APPEAL TO A BROAD RANGE OF INDUSTRIAL USERS

OVERVIEW

Marcus & Millichap is pleased to exclusively offer 305 Massabesic Street in Manchester, New Hampshire for sale, a multi-tenant industrial property totaling approximately 37,706 square feet on 2.12 acres along Manchester's established east side corridor. The building features ceiling heights of 12 to 24 feet, 75 parking spaces, and original construction dating to 1900 with subsequent additions in 1968 and 2022. Its location provides strong regional connectivity, sitting just four minutes from Interstate 93, five miles from Manchester-Boston Regional Airport, and minutes from downtown Manchester. The property also offers approximately 9,047 square feet of available second-floor office space that could be converted to storage, creating additional lease-up potential for a new owner that is not included in the gross square footage. The building is 100% occupied by a diverse tenant base operating across wholesale electrical distribution, branded apparel, commercial printing, and vehicle graphics. Offered at $3,500,000 ($93.98 per square foot) and a 8.44% cap rate, 305 Massabesic Street presents an opportunity to acquire a cash-flowing industrial investment with meaningful value-add upside lease up and lease renewals. The property's functional flexibility, varied ceiling heights, and multiple building sections support broad tenant appeal across a range of industrial and flex users.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$76 USD /SF

CAP RATE

8.44%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

ADD'L SUBTYPES

Storefront, Distribution, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1968

UTILITIES

-

CLEAR CEILING HT

20 Ft

DOCKS

-

DRIVE INS

1

PARKING SPACES

75

LAND DETAILS

LAND ACRES

2.12

LAND SF

92,347

ZONING

R-2/RDV Commercial/ Indst

APN/PARCEL ID

MNCH-000123-000000-000001

ASK ABOUT THIS PROPERTY

Luigi LessaMarcus & MillichapMore Info
561-301-0988

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Luigi LessaMarcus & MillichapMore Info
561-301-0988

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