Building 2 | 16 Route 111
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Building 2 16 Route 111
9,890 SF 100% Leased Office Building Derry, NH 03038 $1,400,000 ($142/SF)
Investment Highlights
- Aesthetic, modern construction (1994)
- Multiple tenants, variety of services offered
- Restaurant, Golf Course, Event Center, & Walking Paths on site.
- Good access from Exit 3, Interstate 93
- Located in a high household income demographic area where service(s) are in demand
Executive Summary
Building has 9,890 of rentable SF demised into five (5) tenant spaces. The building is a two level ‘at grade’ office/service building that enjoys a mix of professional tenants. A wide variety of commercial, industrial & personal service uses are allowed including: office, schools, daycare, light industry, manufacturing, medical office, retail & restaurants (among other uses) are allowed, subject to Site Plan Approval. The building was approved and constructed as a 10,000 SF building. There are easements with abutting properties for access and the sign. There is an association agreement benefitting the four buildings (16, 34, 42 & 72 Rte 111).
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
9,890 SF
Building Class
B
Year Built
1993
Price
$1,400,000
Price Per SF
$142
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,945 SF
Slab To Slab
10’
Building FAR
0.16
Lot Size
1.40 AC
Zoning
Commercial - General Commercial with the benefit of Economic Revitalization Zoning
Parking
35 Spaces (3.54 Spaces per 1,000 SF Leased)
Amenities
- Courtyard
- Day Care
- Golf Course
- Pond
- Restaurant
- Signage
- Central Heating
PROPERTY TAXES
| Parcel Number | DERY-000004-000000-000129 | Improvements Assessment | $766,700 |
| Land Assessment | $210,000 | Total Assessment | $976,700 |
PROPERTY TAXES
Parcel Number
DERY-000004-000000-000129
Land Assessment
$210,000
Improvements Assessment
$766,700
Total Assessment
$976,700
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Building 2 | 16 Route 111
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