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470 Pine St Immeuble de 52 362 pi² • Spécialité • À vendre 5 746 860 $ CAD • Taux de capitalisation 9,64% • Manchester, NH 03104
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- Prime Downtown Location | Occupies A Highly Walkable Urban Corner In Downtown Manchester | 166K Population
- Multi-Tenant Asset | Mix Of Education Tenants | Low Market Vacancy | Below Market Rents
- High-Yield Investment: With $404,653 In Annual NOI This Asset Delivers Strong Returns With A Near Double Digit Return
- Priced Below Replacement Cost: At $75.95/SF | Offers Rare Value For Unique Brick Construction And Architecture
Résumé de l'annonce
• 100% Occupied | NNN Lease | 9.64% Cap Rate | $75.95/SF
• Prime Downtown Location | Occupies A Highly Walkable Urban Corner In Downtown Manchester | 166K Population
• Priced Below Replacement Cost: At $75.95/SF | Offers Rare Value For Unique Brick Construction And Architecture
• High-Yield Investment: With $404,653 In Annual NOI | This Asset Delivers Strong Returns With A Near Double Digit Return
• Superior Accessibility: Direct Access To 293 And Route 3 | Bus Stops And Downtown Circulator
• Multi-Tenant Asset | Mix Of Education Tenants | Low Market Vacancy | Below Market Rents
Marcus & Millichap is pleased to exclusively offer 470 Pine Street in Manchester, New Hampshire for sale, a fully leased, cash-flowing specialty mill conversion in the heart of the city’s downtown core. Encompassing approximately 55,300 square feet on a 0.76-acre site, this 1924 vintage asset offers a functional 12-foot slab-to-slab layout and a differentiated industrial character that supports long-term tenant demand. The property’s central location provides immediate access to Manchester’s amenities, employment base, and regional roadway connectivity, reinforcing durable occupancy and broad user appeal over time.
The building is 100% occupied by a diversified roster of mission-driven, institutional-caliber tenants including Kreiva Academy, Southern New Hampshire University, and the International Institute of New England, supporting stable income with limited rollover risk. Offered at $4,200,000 ($75.95 per square foot) and a 9.64% cap rate on net income of $404,653, 470 Pine Street presents an attractive opportunity to acquire a high-yield, downtown Manchester investment with embedded tenancy longevity, predictable performance, and compelling risk-adjusted returns.
• Prime Downtown Location | Occupies A Highly Walkable Urban Corner In Downtown Manchester | 166K Population
• Priced Below Replacement Cost: At $75.95/SF | Offers Rare Value For Unique Brick Construction And Architecture
• High-Yield Investment: With $404,653 In Annual NOI | This Asset Delivers Strong Returns With A Near Double Digit Return
• Superior Accessibility: Direct Access To 293 And Route 3 | Bus Stops And Downtown Circulator
• Multi-Tenant Asset | Mix Of Education Tenants | Low Market Vacancy | Below Market Rents
Marcus & Millichap is pleased to exclusively offer 470 Pine Street in Manchester, New Hampshire for sale, a fully leased, cash-flowing specialty mill conversion in the heart of the city’s downtown core. Encompassing approximately 55,300 square feet on a 0.76-acre site, this 1924 vintage asset offers a functional 12-foot slab-to-slab layout and a differentiated industrial character that supports long-term tenant demand. The property’s central location provides immediate access to Manchester’s amenities, employment base, and regional roadway connectivity, reinforcing durable occupancy and broad user appeal over time.
The building is 100% occupied by a diversified roster of mission-driven, institutional-caliber tenants including Kreiva Academy, Southern New Hampshire University, and the International Institute of New England, supporting stable income with limited rollover risk. Offered at $4,200,000 ($75.95 per square foot) and a 9.64% cap rate on net income of $404,653, 470 Pine Street presents an attractive opportunity to acquire a high-yield, downtown Manchester investment with embedded tenancy longevity, predictable performance, and compelling risk-adjusted returns.
Faits sur la propriété
| Prix | 5 746 860 $ CAD | Classe d’immeuble | C |
| Prix par pi² | 102,62 $ CAD | Taille du lot | 0,76 AC |
| Type de vente | Investissement | Taille du bâtiment | 56 000 pi² |
| Taux de capitalisation | 9,64% | Nombre d’étages | 3 |
| Type de propriété | Spécialité | Année de construction | 1924 |
| Sous-type de propriété | École | ||
| Zonage | C-1 | ||
| Prix | 5 746 860 $ CAD |
| Prix par pi² | 102,62 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 9,64% |
| Type de propriété | Spécialité |
| Sous-type de propriété | École |
| Classe d’immeuble | C |
| Taille du lot | 0,76 AC |
| Taille du bâtiment | 56 000 pi² |
| Nombre d’étages | 3 |
| Année de construction | 1924 |
| Zonage | C-1 |
Commodités
- Affichage
- Climatisation
1 1
Walk Score®
Un paradis pour un marcheur (96)
Impôts fonciers
| Numéro de lot | MNCH-000007-000000-000001 | Évaluation des bâtiments | 1 479 893 $ CAD |
| Évaluation du terrain | 178 799 $ CAD | Évaluation totale | 1 658 692 $ CAD |
Impôts fonciers
Numéro de lot
MNCH-000007-000000-000001
Évaluation du terrain
178 799 $ CAD
Évaluation des bâtiments
1 479 893 $ CAD
Évaluation totale
1 658 692 $ CAD
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470 Pine St
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