60 Pulpit Rock Rd Pelham, NH 03076
- Warehouses
- 69,523 SF
- 25.00 lot acres
Current Use by Public Records
- J T Manufacturing Corporation / Machine Shop
Property Details for 60 Pulpit Rock Rd
- Year built
- 1979
- Construction
- STEEL FRAME
- Lot size
- 25.00 lot acres
- Property size
- 69,523 SF
- Zone code
- I
- Property type
- Warehouses
- APN
- PLHM M:41-6 B:129-1
- APU
- PLHMM416B1291
Description
This exceptional 80,000-square-foot industrial property, situated on a expansive 25-acre lot in Pelham, New Hampshire, presents a compelling investment opportunity. Built in 1980 and renovated in 1997, the warehouse boasts 22-foot ceilings, providing ample vertical space for various industrial uses. The property includes three loading docks and one dock-high door, facilitating efficient material handling. With 400 parking spaces, accommodating employees and visitors is effortless. Currently, 45,000 square feet is immediately available for occupancy. The seller will lease back 35,000 square feet under a five-year lease at $8.00 per square foot, net, net, net (NNN), with a 3% annual rent increase. The lease includes an option to terminate at the end of year three with twelve months' prior notice. The property's strategic location on Pulpit Rock Road offers 2,196 feet of frontage, benefiting from access to a dual labor market and the tax advantages of being located on the tax-free side of the New Hampshire/Massachusetts border. The substantial lot size provides significant potential for future expansion. The asking price for this prime industrial asset is $8,500,000. The property is zoned for industrial use.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pelham
- County
- Hillsborough
- State
- New Hampshire
- Longitude
- -71.3173
- Latitude
- 42.7012
- CBSA code
- 31700
- CBSA name
- MANCHESTER-NASHUA, NH METROPOLITAN STATISTICAL AREA
