After a year of working with the Town of Hollis the Seller has secured final site plan approval for this 55,200 SF self storage project. All required permitting from the DOT and the DES is complete. An approved septic system plan is in place. The seller has been working with a NH Engineering firm and Trachte Building Systems and has a full set of construction drawings for seven self storage buildings and a ship date on the 3 Phase 1 buildings of July 2017. The seller has estimates for sitework at $300,000 and believes that there is $50,000 worth of gravel that can be sold from this lot. Please note that before Closing the Seller wishes to remove the block building that is on the 6.33 acre parcel.

In addition, this offering includes the contiguous 3.26 acre parcel with the recently renovated ranch house that is under a one lease at $2,000/month and a small, single story commercial structure that could be rented for additional income to increase the overall NOI.

It has been assumed that the gross potential income for the stabilized self storage property is in the range of $550,000-600,000.

Location Description:

This 9.59 acre parcel of land is situated on busy state route 130 in Hollis, NH. Hollis is an affluent southern NH community on the Massachusetts border. Route 130 runs through Hollis from the Town of Brookline to the City of Nashua. The parcel is actually comprised of two contiguous tax map parcels. The larger, 6.33 acre parcel is to be improved with seven self storage buildings which will contain 55,200 net rentable square feet of storage space. The second contiguous 3.26 acre parcel has a 1 office/commercial building of 1,078 SF and a 1965 ranch style residence which was recently renovated and has 1,272 SF of living area. It is currently rented to a tenant under a one year lease.

This site is located in the only section of Town zoned industrial and therefore there is little opportunity for additional competing projects.

Highlights:

>> Final site Plan Approvals in place for 55,200 SF Self Storage facility

>> 2 Contiguous Parcels: 6.33 acres for Self Storage; 3.26 for Rentals

>> All Engineering drawings completed

>> High barriers to entry in affluent community of Hollis

>> Excellent Visibility on State Route 130

* Email for additional photos