247 Sullivan Street, Claremont, New Hampshire 03743

$695,000

Listing agent Derek Eisenberg from Continental Real Estate Group, Inc.

List Price
$695,000

Property Description

175,000 sqft. Industrial building on 10+ acres less than 5mi to Rte. 91 & VT border and 25 min to 89/91 corridor. $24,000+/mo rental income. Cap Rate is an impressive >14% & noi> $100K. Includes new, electrical service (400 amps 480 volts), new T8 lighting, & partial (50,000 sq. Ft.) new rubber roof. Large yard for trucks. 10 docks & 6 drive in doors. Wet sprinkler. New Buderus 768,000 btu boiler. Zone I2. Wet sprinkler (serviced and inspected). 2009 Buderus 768,000 btu Boiler supplied by above ground tank. Clean Phase II recently completed. Zoned I2 (industrial for many possible uses). Includes deeded water rights. Ceiling height: 15'X 20,000 sq. Ft. 12' X 154,000 sq. Ft. 7' X 1,000 sq. Ft. Includes 2 outbuildings (total of 5000 sq. Ft.) Operate your business with no building costs. Tenants occupy 125,000+/- sq. Ft. W/monthly gross income of $24,000+ covering all expenses including taxes, maintenance, utilities and generating profit) or renovate and lease the remaining 50,000+ sq. Ft. Available space for even greater income potential! 2018 Cap Rate > 14% based on actual 2018 noi of $95,821 and 20% Cap Rate based on projected noi for 2018 of $100,764.

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