Property: A rare, two building portfolio consisting of 523,000 SF of distribution/manufacturing/research space in Southern New Hampshire with excellent access to Boston and all of Central and Northern New England.
- Acquisition Price – $19,000,000
- Total Project Cost – $23,900,000
Strategy: Acquire strong industrial asset in prime Southern N.H. location with strong cash flow and potential for future expansion
- Two institutional quality high bay industrial warehouse/flex buildings in excellent condition
- Shortly after purchase 62,000 SF of additional leasing brought the property to 100% leased from 86%
- High demand for distribution centers with ceiling heights of up to 40 feet in the Manchester/Nashua Industrial Market
- Strategic location at US Route 3 and the Everett Turnpike with I-93 and I-293 nearby which provides convenient access to Boston and all of Central and Northern New England