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Whiting Building 29-39 Main St 30,090 SF 89% Leased Office Building Nashua, NH 03064 $3,750,000 ($124.63/SF) 6.03% Cap Rate
INVESTMENT HIGHLIGHTS
- Operating expenses $115000
- Rubber membrane roof
- Central HVAC
- 50 parking spaces
EXECUTIVE SUMMARY
The "Whiting Building" is an historic property. It has 5 stories, an elevator, central HVAC and 50 parking spaces. Each floor has approx. 5,500 sq. ft. The ground floor and basement have commercial and retail zoning.
100%. Occupancy
Brokers protected
Located at the busiest intersection in Nashua of Main and Franklin. Close to shops, restaurants and other amenities. Plenty of street parking for visitors.
100%. Occupancy
Brokers protected
Located at the busiest intersection in Nashua of Main and Franklin. Close to shops, restaurants and other amenities. Plenty of street parking for visitors.
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$336,000
|
$11.17
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$336,000
|
$11.17
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$110,000
|
$3.66
|
| Net Operating Income |
$226,000
|
$7.51
|
FINANCIAL SUMMARY (PRO FORMA - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $336,000 |
| Annual Per SF | $11.17 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $336,000 |
| Annual Per SF | $11.17 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $110,000 |
| Annual Per SF | $3.66 |
| Net Operating Income | |
|---|---|
| Annual | $226,000 |
| Annual Per SF | $7.51 |
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Building Size
30,090 SF
Building Class
C
Year Built/Renovated
1890/1980
Price
$3,750,000
Price Per SF
$124.63
Cap Rate
6.03%
NOI
$226,200
Percent Leased
89%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
5,500 SF
Slab To Slab
12’
Building FAR
1.21
Lot Size
0.57 AC
Zoning
D1MU - Office Building
Parking
50 Spaces (2.45 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Air Conditioning
1 1
Walk Score®
Walker's Paradise (90)
PROPERTY TAXES
| Parcel Number | NASH-000068-000000-000131 | Improvements Assessment | $1,518,100 |
| Land Assessment | $250,200 | Total Assessment | $1,768,300 |
PROPERTY TAXES
Parcel Number
NASH-000068-000000-000131
Land Assessment
$250,200
Improvements Assessment
$1,518,100
Total Assessment
$1,768,300
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Whiting Building, LLC
Whiting Building | 29-39 Main St
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