Concord Industrial Building with
92 Old Turnpike Road Concord, NH 03301
For Sale
Contact for pricing
208,487 SF industrial building near Concord Airport.
Property Size208,487 SF
Price / SF$110.32
Days on Market73
Property Features for 92 Old Turnpike Road
General Information
- Standard status
- Active
- Size
- 208,487 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1958
Listing Agency:
Colliers - Manchester, New Hampshire
(603) 232-8282
Listed By:
Doug Martin · License #NH 065638
Source:
Crexi
Added: May 14
Changed: Jul 10
Last Checked: Jul 24 at 4:07PM
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 - Manchester, New Hampshire
Investment Insights
Based on property information with market context.
Capitol Crossing is a 208,487 square foot industrial building constructed in phases from 1958 to 1984. It was designed to meet the high power and durability needs of a manufacturing company. The building underwent significant renovation in 2020 to include current storage and distribution requirements. Available for lease is 35,160 to 168,677 square feet in flexible configurations consisting of a mix of open warehouse area, high ceilings, drive-in doors, loading docks, plus 8,000 square feet of mezzanine office area. Improvements include adding multiple loading docks, oversized drive-ins, truck and trailer parking, expanded parking to 245 cars, roof replacement, interior and exterior cosmetic changes, new ADA restrooms, and a significant sprinkler upgrade to an EFSR level over 71,500 square feet. An existing tenant, The Granite Group, occupies 39,150 square feet. The property is located adjacent to Concord’s Municipal Airport with easy access to I-93, I-393, and I-89. It is approximately 25 minutes to Manchester, NH, 50 minutes to Portsmouth, NH, and 70 minutes to Boston, MA.
Key Highlights
- Flexible lease configurations available from 35,160± to 168,677± SF.
- Significant 2020 renovation to meet current storage and distribution requirements.
- Excellent location adjacent to Concord’s Municipal Airport with easy access to I‑93, I‑393, and I‑89.
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Concord Direct
Advertising Agency
Concord Litho
Advertising Agency
FAQs
What type of property is this?
Warehouse - 208,487 SF industrial building near Concord Airport.
Where is this warehouse 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: Flexible lease configurations available from 35,160± to 168,677± SF.; Significant 2020 renovation to meet current storage and distribution requirements.; Excellent location adjacent to Concord’s Municipal Airport with easy access to I‑93, I‑393, and I‑89.
