Bought with Tom Duffy • BHHS Verani Commercial Div
$762,500
$799,000
4.6%For more information regarding the value of a property, please contact us for a free consultation.
16,000 SqFt
SOLD DATE : 02/10/2017
Key Details
Sold Price $762,500
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 16,000 sqft
Price per Sqft $47
MLS Listing ID 4224532
Sold Date 02/10/17
Construction Status Existing
Year Built 2002
Annual Tax Amount $16,180
Tax Year 2010
Lot Size 2.020 Acres
Acres 2.02
Property Description
For investors: 3 Crane Way is fully leased for the next 15 months at a 10.1% capitalization rate. At the current listing price of $799,000, the investor rate of return is 10.1%. For owner occupants, 3 Crane Way would present additional income to pay for financing of over $45,000/year. Any owner may terminate the lease of 8000 SQFT (rear area) at any time. The tenant currently leasing the front 8000 SQFT with office wishes to stay longer, however, his lease is up December 31, 2016.
Location
State NH
County Nh-merrimack
Area Nh-Merrimack
Zoning Ind
Interior
Heating Gas - LP/Bottle
Exterior
Exterior Feature Metal
Garage Parking Spaces 11 - 20
Garage Description Parking Spaces 11 - 20
Roof Type Metal
Building
Foundation Slab - Concrete
Sewer Unknown
Water Unknown
Construction Status Existing
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