867 Route 12 FOR SALE


Westmoreland, NH
$5,000,000 USD
781-862-6168
, Westmoreland, NH for Sale
$5,000,000 USD
FOR SALE
1/4
null | 4.71% Cap Rate

867 Route 12
Westmoreland, NH


HIGHLIGHTS

  • Significantly Below Market Rents
  • Short-Term Leases
  • Opportunity to Substantially Raise Rents and Acquire a High-Quality Portfolio for Well Below Replacement Cost
  • Four (4) Tenants Occupying Eight (8) Buildings
  • Possibility For Up to 35,000 SF Expansion

OVERVIEW

As exclusive agent, The Stubblebine Company / CORFAC International is pleased to offer for sale The Westmoreland Industrial Park, located at 867 NH-12 (21 Industrial Park Drive), Westmoreland, New Hampshire. The subject multi-tenant industrial park is comprised of nine (9) buildings totaling 61,540 SF. The park is 90% leased, with a current Net Operating Income (NOI) of $235,369. Anchored by Polyonics, Inc. (23,427 SF / 38% of GLA), the park offers diversified income across eight (8) of nine (9) fully occupied buildings. Current leases are short-term, affording a significant mark-to-market opportunity.

ASK ABOUT THIS PROPERTY

James StubblebineThe Stubblebine CompanyMore Info
781-862-6168

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James StubblebineThe Stubblebine CompanyMore Info
781-862-6168

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