Property Listing No Longer Available for Sale

230 Rockingham Road, Derry, NH

Industrial for Sale - 69,800 Sq. Ft. on 20.9 acres


Property Info

CIMLS#848118
Location
  230 Rockingham Road
  Derry NH 03038
UpdatedJune 23rd, 2016
TypeIndustrial
PriceUpon Request
Building69,800 Sq. Ft.
Land20.9 acres

Property Description

The existing facility is improved with a two-story wood frame commercial office building. The building has a gross area of 3,616 square feet with 2,312 SF on the first floor and 1,304 SF on the second floor. The space is configured for multiple tenants and in 2015 yielded an annual income of approximately $86,000.

The remainder of the front portion of the site is improved with six self buildings.There are 147 units ranging in size from 5'x10' to 20'x20' for a total of 22,000 net rentable square feet. These buildings are nearly new having been constructed in 2013. These non-climate-controlled units reached 100% occupancy within 3 months of opening.

Current ownership secured approvals and plans to construct 9 additional self storage buildings on the rear portion of the site. This will add 47,800 nrsf to the complex which will then total 69,800 SF. The proposed new buildings will be of the same type and quality as the existing buildings. Of the 9 new buildings, 4 will be one story and 5 will be two story but due to site topography no elevators or lifts will be required.

The owner has undertaken the site work and construction of the 9 building expansion project. The anticipated completion date is August 2016.

Location Description:

2nd phase of existing self storage facility

Highlights:

>> Up, open & operating Facility of 22,000 NRSF

>> 100% Occupancy with Waiting List

>> Fully Approved and Permitted for additional 47,800 NRSF

>> 20.9 Acres

>> Income from Tenanted Office Building & Existing SS Operation

>> Listed with Douglas C. Martin, KW Commercial, 168 So. River Rd., Bedford, NH 03110

>> (603) 836-2700 doug@martinassociates.com

* Email for additional photos


Financials

Sales Info:

>> Commision split: 2.5%