Industrial Flex Distribution
For Sale
Contact for pricing
92 Old Turnpike Road, Concord, NH 03301
208,487± SF industrial building with renovated warehouse space, loading docks, drive-ins, and 8,000± SF mezzanine office.
Property Size208,487 SF
Price / SF$110.32
Days on Market79
Property Features for 92 Old Turnpike Road
General Information
Standard status
Active
Size
208,487 SF
Property subtype
INDUSTRIAL
Listing Agency:
Colliers
(603) 493-8784
Listed By:
Doug Martin · License #065638
(603) 493-8784
Source:
Moodyscre
Added: May 14
Changed: Jul 27
Last Checked: Jul 27 at 11:35AM
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 Colliers
Investment Insights
Based on property information with market context.
Capitol Crossing is a 208,487± SF industrial flex distribution building constructed in various phases from 1958–1984. The property was significantly renovated in 2020 to support current storage and distribution requirements. Flexible space ranging from 35,160± SF to 168,677± SF is available and includes open warehouse areas with high ceilings, drive-in doors, and loading docks. The configuration also includes approximately 8,000± SF of mezzanine office area.
Improvements include multiple loading docks, oversized drive-ins, truck and trailer parking, and expanded parking for up to 245± cars. Additional capital upgrades include roof replacement, interior and exterior cosmetic changes, new ADA restrooms, and a sprinkler system upgrade to an ESFR level over 71,500± SF.
The building is located adjacent to Concord’s Municipal Airport and provides access to I-93, I-393, and I-89, with convenient drive times to Manchester, Portsmouth, and Boston. The Granite Group currently occupies 39,150± SF.
Improvements include multiple loading docks, oversized drive-ins, truck and trailer parking, and expanded parking for up to 245± cars. Additional capital upgrades include roof replacement, interior and exterior cosmetic changes, new ADA restrooms, and a sprinkler system upgrade to an ESFR level over 71,500± SF.
The building is located adjacent to Concord’s Municipal Airport and provides access to I-93, I-393, and I-89, with convenient drive times to Manchester, Portsmouth, and Boston. The Granite Group currently occupies 39,150± SF.
Key Highlights
- 208,487± SF industrial building constructed in phases from 1958–1984
- 2020 renovation updated space for storage and distribution with open warehouse area, high ceilings, loading docks, and drive‑in doors
- Flexible lease options from 35,160± to 168,677± SF, including 8,000± SF mezzanine office area
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 | $2.43M | $11.64 |
| − Vacancy | −$167.4k | −$0.80 |
| EGI | $2.26M | $10.84 |
| − OpEx | −$338.9k | −$1.63 |
| NOI | $1.92M | $9.21 |
208,487 SF · lease $11.64/SF/yr · vacancy 6.90% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$27.43M
$24.01M – $32.01M
NOI $1,920,439 @ 7.0% cap · market cap 8.35%
Second Best
Industrial
$22.59M
$19.77M – $26.36M
NOI $1,581,538 @ 7.0% cap · market cap 6.88%
Theoretical Best
Office A
$54.29M
$47.50M – $63.33M
NOI $3,800,001 @ 7.0% cap · market cap 16.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
291
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 03301, NH
33,352
Population
14,486
Households
2.3
Avg Household Size
43
Median Age
42%
College-Educated
92%
High-School Grad
49.2 sq mi
ZIP Area
678
Density / Sq Mi
$85,943
Median Household Income
$49,749
Median Earnings
$1,355
Median Rent
$344,300
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?
Flex space - 208,487± SF industrial building with renovated warehouse space, loading docks, drive-ins, and 8,000± SF mezzanine office.
Where is this flex space located?
The property is located at 92 Old Turnpike Road Concord, NH.
What is the asking price?
The asking price for this property is $23,000,000.
What are key features of this property?
This property features: 208,487± SF industrial building constructed in phases from 1958–1984; 2020 renovation updated space for storage and distribution with open warehouse area, high ceilings, loading docks, and drive‑in doors; Flexible lease options from 35,160± to 168,677± SF, including 8,000± SF mezzanine office area
