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60 Pulpit Rock Rd, Pelham, NH, 03076
Industrial Building with Leaseback Option

60 Pulpit Rock Rd Pelham, NH 03076

For Sale
Contact for pricing

80,000 SF building with 45,000 SF available for occupancy.

Property Size45,000 SF
Lot Size25.90 Acres
Price / SF$188.89
Days on Market1040

Property Features for 60 Pulpit Rock Rd

General Information

Standard status Active
Size 45,000 SF
Lot size 25.90 Acres
Property subtype INDUSTRIAL
Listing Agency: Cushman & Wakefield of NH Inc
Listed By: Thomas Farrelly · License #008028
Source: Moodyscre
Added: Sep 25, 2023 Changed: Jul 6 Last Checked: Jul 21 at 8:25AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield of NH Inc

Investment Insights

Based on property information with market context.

This 80,000 SF industrial building offers 45,000 SF available for immediate occupancy. The building features 69,000 SF of 22' clear warehouse/manufacturing space, 6,000 SF of first-floor office space, and 4,800 SF of second-floor office space. The seller will leaseback 35,000 SF for 5 years at $8.00 PSF NNN with 3% annual increases, including an option to terminate effective the end of year 3 with 12 months prior notice. The available space includes approximately 42,000 SF of 22' clear manufacturing/warehouse and office space on the first floor and 3,025 SF of office space on the second floor. The manufacturing/warehouse floor is constructed with a 6" steel-reinforced concrete slab with an armor flex surface. The available space is equipped with three 8 x 10 tailboard height docks, two of which have levelers, and one drive-in door. Private men's and women's restrooms are located within the premises. The 25-acre site provides potential for building and/or parking expansion. The property includes two 350-foot-deep wells and a wet sprinkler system throughout. A 750,000-gallon fire pond with a 1,200 GPM flow, powered by a 150 hp Detroit diesel engine as the primary and a 150 hp electric pump as the backup, is also present. Approximately 95% of the building is air-conditioned and heated by a combination of propane and electric rooftop-mounted units with economizers. Common men's and women's restrooms are available on both the first and second floors, with a shower in the second-floor restrooms.

Key Highlights

  • 45,000 SF available for immediate occupancy.
  • Seller will leaseback 35,000 SF at $8.00 PSF NNN with 3% annual increases.
  • 25‑acre site provides building and/or parking expansion potential.

Financial Insights For Warehouse

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $610.2k $13.56
− Vacancy −$36.6k −$0.81
EGI $573.6k $12.75
− OpEx −$86.0k −$1.91
NOI $487.5k $10.83
45,000 SF · lease $13.56/SF/yr · vacancy 6.00% · expense 15.00%

Alternative Uses

Best Use
Office B
$11.29M
$9.88M – $13.17M (±1% cap)
NOI $790,054 @ 7.0% cap · market cap 9.29%
Second Best
Warehouse
$6.96M
$6.09M – $8.13M (±1% cap)
NOI $487,550 @ 7.0% cap · market cap 5.74%
Theoretical Best
Specialty Retail
$82.45M
$72.14M – $96.19M (±1% cap)
NOI $5,771,250 @ 7.0% cap · market cap 67.90%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile Location Intelligence

Current Use

J T Manufacturing ... Industrial Manufacturer

Suggested Use

Top Pick Big Box & Wholesale Store Real Estate Agency HVAC Service Storage Facility Plumbing Service Nail Salon

Zoning and permitted uses should be independently verified with authorities.

Frequently Asked Questions

What type of property is this?
Manufacturing property - 80,000 SF building with 45,000 SF available for occupancy.
Where is this manufacturing property located?
The property is located at 60 Pulpit Rock Rd Pelham, NH.
What is the asking price?
The asking price for this property is $8,500,000.
What are key features of this property?
This property features: 45,000 SF available for immediate occupancy.; Seller will leaseback 35,000 SF at $8.00 PSF NNN with 3% annual increases.; 25‑acre site provides building and/or parking expansion potential.
(603) 661-4854 Call to check price and availability
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