Bought with Scott Reiff • Black Knight Financial Services
$455,000
$499,000
8.8%For more information regarding the value of a property, please contact us for a free consultation.
4,875 SqFt
SOLD DATE : 02/18/2015
Key Details
Sold Price $455,000
Property Type Commercial
Sub Type Office,Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 4,875 sqft
Price per Sqft $93
MLS Listing ID 4351222
Sold Date 02/18/15
Construction Status Existing
Year Built 1987
Annual Tax Amount $8,035
Tax Year 2012
Property Description
Investment - 4,875 SF +/- multi-user office facility with excellent cash flow. Long-standing "executive" office suite facility located just off of highly sought out Exit four, I-93 location. 19-20 office suite currently with most units rented. Potential gross Income of $126,192 (calculated with 7% vacancy) with NOI of $83,106 or 16.62 cap rate. One and two room office suites bring in mugh higher price per square foot rental rates and allow for much flexibility. Many of the longer term tenants are now month to month, which could also allow an end-user to purchase the enter unit and reap the benefits of leasing the excessive office space for additional income. Perfect for an investor looking for a solid money maker with multi-tenant situation that can spread vacancy risk substantially. This is also an excellent choice for a company looking to have flexibility to expand when needed. Owner could rent out excess space when not needed, but recoup the space from tenants when additiona
Location
State NH
County Nh-rockingham
Area Nh-Rockingham
Zoning C-1
Interior
Heating Electric
Cooling Central AC
Flooring Carpet
Exterior
Exterior Feature Vinyl Siding
Garage On-Site
Garage Description On-Site
Roof Type Shingle - Asphalt
Building
Sewer Public
Water Public
Construction Status Existing
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