Highly Desirable Industrial With Office | 59 Optical Ave
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Highly Desirable Industrial With Office 59 Optical Ave
53,280 SF Vacant Industrial Building Online Auction Sale Keene, NH 03431
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Investment Highlights
- Fully vacant industrial facility with a large dedicated office space perfect for owners/users and investors alike.
- Minutes to charming downtown Keene, which is home to local restaurants, shops, and entertainment options.
- Strategic positioning directly off Route 101 and less than 3 miles from US Route 9, and just 30 minutes to the Vermont border.
- Area demographics are impressive with a population on the rise and over 3,800 employees working in goods-producing industries within 10 miles.
Executive Summary
The Boulos Company is pleased to present the availability of 59 Optical Avenue, Keene, New Hampshire, for sale. Built in 1974, this 53,280-square-foot industrial facility is situated on 5.5 acres in Keene’s notable industrial park. The property comprises 36,960 square feet of manufacturing space, with the remaining 16,320 square feet as office space on the first and second-floor mezzanine. There is one loading dock and two overhead doors that are expandable. Parking can accommodate approximately 110 vehicles.
Business neighbors include Timken, Sting Ray, Smiths Medical, and Paragon Digital Media. Optical Avenue is located directly off Route 101 and less than 3 miles from U.S. Route 9. The Vermont border is within 30 miles of the property.
Located in Cheshire County and rich in history, Keene is the gateway to the Ashuelot Rail Trail and scenic covered bridges along the way. With an estimated population of 23,406, Keene’s demographic is comprised of 25% college students. The city is known for its ethnic diversity, affordable living, and government commitment to the sustainability of economic growth and innovation. Downtown Keene features quaint shops, a wide selection of unique restaurants, a retro movie theater, and a historic church that portrays the backdrop of quintessential New England. Keene has been referred to as the Currier and Ives of New Hampshire. Noted for its diverse business community and public institutions, Keene’s largest employers are Cheshire Medical, Imaje Corporation, National Grange Mutual Insurance, and Keene State College. Large historic downtown buildings are currently being redeveloped thanks to Keene's financial appeal for businesses due to New Hampshire’s tax advantage. In fact, New Hampshire has the seventh-lowest tax burden in the United States. There are tax credits and financing opportunities available to many businesses.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Business neighbors include Timken, Sting Ray, Smiths Medical, and Paragon Digital Media. Optical Avenue is located directly off Route 101 and less than 3 miles from U.S. Route 9. The Vermont border is within 30 miles of the property.
Located in Cheshire County and rich in history, Keene is the gateway to the Ashuelot Rail Trail and scenic covered bridges along the way. With an estimated population of 23,406, Keene’s demographic is comprised of 25% college students. The city is known for its ethnic diversity, affordable living, and government commitment to the sustainability of economic growth and innovation. Downtown Keene features quaint shops, a wide selection of unique restaurants, a retro movie theater, and a historic church that portrays the backdrop of quintessential New England. Keene has been referred to as the Currier and Ives of New Hampshire. Noted for its diverse business community and public institutions, Keene’s largest employers are Cheshire Medical, Imaje Corporation, National Grange Mutual Insurance, and Keene State College. Large historic downtown buildings are currently being redeveloped thanks to Keene's financial appeal for businesses due to New Hampshire’s tax advantage. In fact, New Hampshire has the seventh-lowest tax burden in the United States. There are tax credits and financing opportunities available to many businesses.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Data Room Click Here to Access
- Operating and Financials
- Purchase Agreement
- Title and Insurance
Property Facts
| Sale Type | Investment | No. Stories | 2 |
| Sale Conditions | Auction Sale | Year Built | 1974 |
| Property Type | Industrial | Parking Ratio | 2.06/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 16 FT |
| Building Class | B | No. Dock-High Doors/Loading | 1 |
| Lot Size | 5.50 AC | No. Drive In / Grade-Level Doors | 2 |
| Rentable Building Area | 53,280 SF |
| Sale Type | Investment |
| Sale Conditions | Auction Sale |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 5.50 AC |
| Rentable Building Area | 53,280 SF |
| No. Stories | 2 |
| Year Built | 1974 |
| Parking Ratio | 2.06/1,000 SF |
| Clear Ceiling Height | 16 FT |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 2 |
Amenities
- Air Conditioning
Utilities
- Heating - Oil (Fired)
DEMOGRAPHICS
Regional Accessibility
CITY
POPULATION
MILES
DRIVE TIME
Boston
694,583
89
2 h 2 m
New York
8,398,748
215
4 h 38 m
Philadelphia
1,584,138
309
6 h 28 m
Baltimore
602,495
407
8 h 22 m
Washington
702,455
442
9 h 9 m
Virginia Beach
450,189
566
12 h 4 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
42,745
Total Labor Force
23,714
Unemployment Rate
2.21%
Median Household Income
$64,181
Warehouse Employees
3,905
High School Education Or Higher
94.30%
PROPERTY TAXES
| Parcel Number | KEEN-000906-000220-000320 | Improvements Assessment | $1,545,700 |
| Land Assessment | $504,700 | Total Assessment | $2,050,400 |
PROPERTY TAXES
Parcel Number
KEEN-000906-000220-000320
Land Assessment
$504,700
Improvements Assessment
$1,545,700
Total Assessment
$2,050,400
zoning
| Zoning Code | Industrial-P (Industrial-P) |
| Industrial-P (Industrial-P) |
Sale Advisors
Sale Advisors
Roger Dieker, Managing Broker/Partner
(603) 540-8315
Contact
Roger Dieker is a Partner and the Managing Broker of The Boulos Company’s Manchester office. Previously a Senior Vice President at CBRE, Roger has worked with a wide range of national clients, including Bank of America, Tesla, UPS, and more, and was awarded the CBRE New Hampshire Broker of the Year in 2008. Roger has over 25 years of sales, leasing and property management experience in the areas of office, industrial, retail, and investment properties.
Michael Tamposi, Partner
(603) 315-4348
Contact
Michael Tamposi is a Partner in The Boulos Company’s Manchester, NH office. Previously a First Vice President at CBRE, Michael is responsible for all aspects of the sale and leasing of commercial properties, as well as providing a global business management perspective to our client relationships. Mike has over 17 years of experience in commercial and has proven instrumental in the successful completion of numerous sales and lease transactions, working with such clients as General Electric, TD Bank, and USPS.
About the Auction Platform
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial real estate. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
Read More
Auction Contact
John Artozqui
Contact
Auctioneer License:
Ten-X, LLC Vibhav Kapila RE Brkr 079759
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Transaction Fee Schedule
Based on Percentage of Winning Bid Amount.
Winning Bid Amount
Transaction Fee
$0m to < $1m
5.00% ($20,000 min)
$1m to < $3m
3.00%
$3m to < $5m
2.50%
$5m to < $10m
2.25%
$10m to < $15m
2.00%
$15m to < $25m
1.75%
$25m to < $35m
1.50%
$35M to < $45M
1.00%
$45M to < $55M
0.75%
$55M and Up
0.50%
Example Calculation
Winning Bid Amount
$4,000,000
Transaction Fee
$100,000 (2.5%)
Total Purchase Price
$4,100,000
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Highly Desirable Industrial With Office | 59 Optical Ave
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