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867 Route 12 9 Properties Offered at $6,972,350 CAD in Westmoreland, NH
Investment Highlights
- Significantly Below Market Rents
- Opportunity to Substantially Raise Rents and Acquire a High-Quality Portfolio for Well Below Replacement Cost
- Possibility For Up to 35,000 SF Expansion
- Short-Term Leases
- Four (4) Tenants Occupying Eight (8) Buildings
Executive Summary
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.
Property Facts
| Price | $6,972,350 CAD | Number of Properties | 9 |
| Price / SF | $115.86 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 4.71% | Total Building Size | 60,181 SF |
| Sale Type | Investment | Total Land Area | 15.39 AC |
| Status | Active |
| Price | $6,972,350 CAD |
| Price / SF | $115.86 CAD / SF |
| Cap Rate | 4.71% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 9 |
| Individually For Sale | 0 |
| Total Building Size | 60,181 SF |
| Total Land Area | 15.39 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Building 45
867 Route 12, Westmoreland, NH 03467 |
Flex | 8,400 SF | 1995 | - |
|
Building 21
867 Route 12, Westmoreland, NH 03467 |
Flex | 6,140 SF | 1987 | - |
|
Building 35
867 Route 12, Westmoreland, NH 03467 |
Flex | 5,794 SF | 1990 | - |
|
Building 18
867 Route 12, Westmoreland, NH 03467 |
Flex | 4,000 SF | 2000 | - |
|
Building 51
867 Route 12, Westmoreland, NH 03467 |
Industrial | 14,487 SF | 2006 | - |
|
Building 28
867 Route 12, Westmoreland, NH 03467 |
Industrial | 5,600 SF | 1995 | - |
|
Building 26
867 Route 12, Westmoreland, NH 03467 |
Industrial | 5,600 SF | 2000 | - |
|
Building 71
867 Route 12, Westmoreland, NH 03467 |
Industrial | 5,120 SF | 2002 | - |
|
Building 13
867 Route 12, Westmoreland, NH 03467 |
Industrial | 5,040 SF | 1987 | - |
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Contacts
-
James Stubblebine -
David Stubblebine -
Nicholas Stubblebine -
Sam Lockhart -
The Stubblebine Company
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