Industrial Building with Leaseback
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
(603) 661-4854
Listed By:
Thomas Farrelly · License #008028
(603) 661-4854
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
NOI $790,054 @ 7.0% cap · market cap 9.29%
Second Best
Warehouse
$6.96M
$6.09M – $8.13M
NOI $487,550 @ 7.0% cap · market cap 5.74%
Theoretical Best
Specialty Retail
$82.45M
$72.14M – $96.19M
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
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.