Industrial Warehouse
New
For Sale
$1,350,000
9 Delta Drive unit B2, Londonderry, NH 03053
Functional industrial condo with dock and drive-in loading access near major regional transportation routes.
Property Size7,519 SF
Price / SF$179.55
Days on Market2
Property Features for 9 Delta Drive unit B2
General Information
Standard status
Active
Size
7,519 SF
Property subtype
Warehouse
Warehouse & Industrial
Dock-High Doors
1
Drive-In Doors
1
Additional Details
Highway Access
Yes
Amenities
7,519 SF Warehouse + Office Combination | Ideal for storage, distribution, & production
Located next to the Manchester-Boston Regional Airport | within the Foreign Trade Zone
Easily accessible via I-293, Exits 1 and 2, and just minutes from I-93 and route 3
Building Details
Building Size
7,519 SF
Year Built
1987
Listing Agency:
Marcus & Millichap - Boston
Listed By:
Luigi Lessa · License #License(s): MA: 9566627-RE-S
(617) 896-7216
Source:
Marcusmillichap
Added: Sep 2
Last Checked: Sep 2 at 2:18PM
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 Marcus & Millichap - Boston
Investment Insights
Based on property information with market context.
This industrial condominium contains approximately 7,519 square feet of functional space, with one loading dock and one drive-in door supporting shipping, receiving, and vehicle access. Built in 1987, the property is suited to warehouse, contractor, service, and flex-oriented operations as described in the available property information.
The Londonderry location places the unit minutes from Manchester-Boston Regional Airport, I-93, and Route 3. Its access to these transportation connections supports movement throughout Southern New Hampshire and the broader New England region.
The Londonderry location places the unit minutes from Manchester-Boston Regional Airport, I-93, and Route 3. Its access to these transportation connections supports movement throughout Southern New Hampshire and the broader New England region.
Key Highlights
- Approximately 7,519 square feet of industrial condominium space
- One loading dock and one drive‑in door
- Built in 1987
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
$86,178
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
6.38%
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%
$1,723,560
$1.7M
Cap Rate 7%
$1,231,114
$1.2M
Cap Rate 9%
$957,533
$957.5K
Market Conditions
NOI Build-Up for 7,519 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
$142.6K $18.96/SF
− Vacancy
−$10.0K −$1.33/SF
EGI
$132.6K $17.63/SF
− OpEx
−$46.4K −$6.17/SF
NOI
$86.2K $11.46/SF
Area
Rockingham County, NH
Vacancy
7.00%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
35.00%
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%
$1,723,560
Cap Rate 7%
$1,231,114
Cap Rate 9%
$957,533
Alternative Uses
Best Use
Flex RnD
$1.23M
$1.08M – $1.44M
NOI $86,178 @ 7.0% cap · market cap 6.38%
Second Best
Warehouse
$784.4K
$686.3K – $915.1K
NOI $54,907 @ 7.0% cap · market cap 4.07%
Theoretical Best
Office A
$2.50M
$2.19M – $2.92M
NOI $175,230 @ 7.0% cap · market cap 12.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Dock-high doors
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
101
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 03053, NH
25,646
Population
9,751
Households
2.6
Avg Household Size
42
Median Age
49%
College-Educated
97%
High-School Grad
41.7 sq mi
ZIP Area
615
Density / Sq Mi
$132,241
Median Household Income
$60,812
Median Earnings
$1,837
Median Rent
$464,100
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- U-Pack — 52 Wentworth Ave, Londonderry, NH 03053
Frequently Asked Questions
What type of property is this?
Warehouse - Functional industrial condo with dock and drive-in loading access near major regional transportation routes.
Where is this warehouse located?
The property is located at 9 Delta Drive unit B2 Londonderry, NH.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Approximately 7,519 square feet of industrial condominium space; One loading dock and one drive‑in door; Built in 1987
