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Building 2 16 Route 111 9,890 SF 100% Leased Office Building Derry, NH 03038 $1,953,280 CAD ($197.50 CAD/SF)

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INVESTMENT HIGHLIGHTS

  • Aesthetic, modern construction (1994)
  • Multiple tenants, variety of services offered
  • Restaurant, Golf Course, Event Center, & Walking Paths on site.
  • Good access from Exit 3, Interstate 93
  • Located in a high household income demographic area where service(s) are in demand

EXECUTIVE SUMMARY

Building has 9,890 of rentable SF demised into five (5) tenant spaces. The building is a two level ‘at grade’ office/service building that enjoys a mix of professional tenants. A wide variety of commercial, industrial & personal service uses are allowed including: office, schools, daycare, light industry, manufacturing, medical office, retail & restaurants (among other uses) are allowed, subject to Site Plan Approval. The building was approved and constructed as a 10,000 SF building. There are easements with abutting properties for access and the sign. There is an association agreement benefitting the four buildings (16, 34, 42 & 72 Rte 111).

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
9,890 SF
Building Class
B
Year Built
2000
Price
$1,953,280 CAD
Price Per SF
$197.50 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,000 SF
Slab To Slab
10’
Building FAR
0.16
Lot Size
1.40 AC
Zoning
Commercial - General Commercial with the benefit of Economic Revitalization Zoning
Parking
35 Spaces (3.54 Spaces per 1,000 SF Leased)

AMENITIES

  • Courtyard
  • Day Care
  • Golf Course
  • Pond
  • Restaurant
  • Signage
  • Central Heating

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
DERY-000004-000000-000129
Land Assessment
$444,040 CAD
Improvements Assessment
$1,090,994 CAD
Total Assessment
$1,535,035 CAD
  • Listing ID: 29129580

  • Date on Market: 2023-07-27

  • Last Updated:

  • Address: 16 Route 111, Derry, NH 03038

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