Londonderry, NH 03053,75 Gilcreast Road, Unit 200
Listed by Scott Reiff • BHHS Verani Commercial Div
Bought with Scott Reiff • Black Knight Financial Services

$455,000

$499,000

8.8%
Est.Price: ?

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Est. payment /mo

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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