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Property profile & analytics
FOR LEASE
Warehouses

1050 Perimeter Rd Manchester, NH 03103

146,997 SF 16.88 ac lot Built 1962
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US58-0684159
1050 Perimeter Rd, Manchester, NH 03103 For Lease
$13.75 SF/Yr
1050 Perimeter Rd, Manchester, NH 03103
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Property summary
AI-generated overview

This exceptional 145,675 square foot industrial property, situated on a sprawling 16.88-acre lot in Manchester, New Hampshire, presents a unique investment opportunity. The building, constructed in 1962 and extensively renovated in 2015, offers a blend of manufacturing, flex, and warehouse space, currently featuring 8,000 square feet of immediately available space. The single-story structure boasts ceiling heights ranging from 12 to 16 feet, providing ample vertical clearance for various industrial uses. The property benefits from excellent access to major transportation arteries, including proximity to Manchester Airport and convenient access to I-293 via Brown Avenue and South Willow Street. Loading and unloading are facilitated by six loading docks and two drive-in doors. Ample parking is available with 800 spaces. The property features approximately 1600 linear feet of frontage on Perimeter Road, offering significant visibility and accessibility. The electrical service is robust, providing 3700 amps, 480 volts, 3-phase power. The property is zoned for General Industrial/Industrial Park use within Hillsborough County, and its park-like setting enhances its appeal. This versatile property is ideal for businesses seeking a well-located, functional, and spacious industrial facility in a desirable New Hampshire location. The zip code is 03103.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1962
Construction STEEL FRAME
Total area 146,997 SF
Lot 16.88 ac (735,483 SF)
APN MNCH M:0848 B:000 L:0002
UPID US58-0684159
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Vibrac LLC. Precision Test Systems Industrial Manufacturer Production Facility
  • Nephrology Associates, P.A. Physician Medical Clinic
  • Manchester Health & Human Services Department Social Service Agency Charitable Organization
  • St Jean Courier Courier Service Postal Service
  • OSHA Training Institute Education Center, Region 1 High School Vocational School
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$21.96M
Comparable Approach Comparable
$17.79M
Blend (final) Blend
$21.58M
Owner & transaction history
Lpch New Hampshire LP · 3 yrs held
Lpch New Hampshire LP
since 2022
Last sale
$21.8M
7 recorded transactions
2022
$21.8M
2022
Price N/A
2019
$17.2M
2014
Price N/A
2014
$4.1M
2014
$6.0M
2007
$9.2M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $33.0M +135.3%
Office building $26.8M +91.5%
Auto repair, garage $24.6M +75.6%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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