Advanced Manufacturing Facility with
For Sale
Contact for pricing
220 Hackett Hill Rd, Manchester, NH 03102
Turnkey manufacturing facility with production, warehouse, and office space, with room to expand on 10.5 acres.
Property Size61,306 SF
Lot Size10.50 Acres
Price / SF$138.65
Days on Market228
Property Features for 220 Hackett Hill Rd
General Information
Standard status
Active
Size
61,306 SF
Lot size
10.50 Acres
Property subtype
INDUSTRIAL
Additional Details
Highway Access
Yes
Listing Agency:
Harrington & Company
(603) 625-9628
Listed By:
Mike Harrington, CRE, CCIM
(603) 785-8601
Source:
Moodyscre
Added: Jan 20
Changed: Aug 14
Last Checked: Aug 14 at 7:53AM
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 Harrington & Company
Investment Insights
Based on property information with market context.
220 Hackett Hill Road presents a turnkey advanced manufacturing facility totaling 61,000 +/- SF, with a functional mix of production, warehouse, and office space. The property is positioned on 10.5 +/- acres and is described as offering room to expand.
The facility is located in Manchester, NH’s Hackett Hill area, with easy access to I-93, I-293, and Route 3.
The current improvements support an industrial manufacturing and light industrial or assembly-style environment, with office space included within the facility footprint.
The facility is located in Manchester, NH’s Hackett Hill area, with easy access to I-93, I-293, and Route 3.
The current improvements support an industrial manufacturing and light industrial or assembly-style environment, with office space included within the facility footprint.
Key Highlights
- 61,000 +/- SF manufacturing facility with production, warehouse, and office space
- Room to expand on 10.5 +/- acres
- Located at 220 Hackett Hill Road in Manchester, NH (Hackett Hill area)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$595,306
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$11,906,120
$11.9M
Cap Rate 7%
$8,504,371
$8.5M
Cap Rate 9%
$6,614,511
$6.6M
Market Conditions
NOI Build-Up for 61,306 SF
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.
Gross rent
$735.7K $12.00/SF
− Vacancy
−$35.3K −$0.58/SF
EGI
$700.4K $11.42/SF
− OpEx
−$105.1K −$1.71/SF
NOI
$595.3K $9.71/SF
Area
Manchester, NH
Vacancy
4.80%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$11,906,120
Cap Rate 7%
$8,504,371
Cap Rate 9%
$6,614,511
Alternative Uses
Best Use
Warehouse
$8.50M
$7.44M – $9.92M
NOI $595,306 @ 7.0% cap · market cap 7.00%
Second Best
Industrial
$7.67M
$6.71M – $8.95M
NOI $537,011 @ 7.0% cap · market cap 6.32%
Theoretical Best
Specialty Retail
$15.05M
$13.17M – $17.56M
NOI $1,053,850 @ 7.0% cap · market cap 12.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
113
Businesses Nearby
Explore this area
Business Placement
Demographics for 03102, NH
33,396
Population
15,264
Households
2.2
Avg Household Size
36
Median Age
33%
College-Educated
89%
High-School Grad
9.1 sq mi
ZIP Area
3,670
Density / Sq Mi
$69,927
Median Household Income
$43,518
Median Earnings
$1,533
Median Rent
$309,400
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Turnkey manufacturing facility with production, warehouse, and office space, with room to expand on 10.5 acres.
Where is this manufacturing property located?
The property is located at 220 Hackett Hill Rd Manchester, 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: 61,000 +/- SF manufacturing facility with production, warehouse, and office space; Room to expand on 10.5 +/- acres; Located at 220 Hackett Hill Road in Manchester, NH (Hackett Hill area)
