57-59 Daniel Webster Highway, Merrimack, NH

Investment Summary

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

Pricing:

  • 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

Opportunity/Highlights:

  • 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