6 Buttrick Rd
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6 Buttrick Rd
24,984 SF 100% Leased Office Building Londonderry, NH 03053 $3,900,000 ($156/SF) 8.37% Cap Rate
Investment Highlights
- Over 65,000 residents and 25,000 employees support the surrounding area, average household income of $117,528 within a 1-mile radius.
- Proximity to local and national retailers such as Home Depot, Jersey Mike’s Subs, AMC Classic Londonderry 10, Benson Lumber & Hardware.
- Directly off Nashua Road, less than 2 miles Southwest of Interstate 93, approximately one hour from Boston Logan International Airport.
Executive Summary
Office medical building in a prime location positioned off Nashua Road/State Route 102, a primary thoroughfare serving Southeast New Hampshire. The property is less than 2 miles Southwest of Interstate 93 (67,700 VPD), a dominant Interstate Highway serving New England and approximately one hour from Boston Logan International Airport and approximately 15 minutes from the Manchester-Boston Regional Airport. The surrounding area offers strong demographics in a 5-mile area, featuring over 65,000 residents and 25,000 employees. With an average household income of $117,528 within a 1-mile radius and proximity to local and national retailers such as Home Depot, Jersey Mike’s Subs, AMC Classic Londonderry 10, Benson Lumber & Hardware, and Kelsen Brewing Company.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
24,984 SF
Building Class
B
Year Built
1999
Price
$3,900,000
Price Per SF
$156
Cap Rate
8.37%
NOI
$326,430
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
8,328 SF
Building FAR
0.24
Lot Size
2.43 AC
Zoning
Commercial
Parking
78 Spaces (3.12 Spaces per 1,000 SF Leased)
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2020 Population
3,518
29,594
63,568
2024 Population
3,541
29,923
64,290
Population Growth '20-'24
0.7%
1.1%
1.1%
2020 Households
1,473
11,393
24,151
2024 Households
1,470
11,445
24,274
Household Growth '20-'24
-0.2%
0.5%
0.5%
Average Age
44
41
41
Median Household Income
$98,010
$105,404
$110,887
Daytime Employees
4,580
13,564
26,766
Total Businesses
805
1,961
3,751
College Degree + Higher
41%
39%
40%
PROPERTY TAXES
Parcel Number | LOND-000007-000000-000037-000001 | Improvements Assessment | $4,551,300 |
Land Assessment | $867,600 | Total Assessment | $5,418,900 |
PROPERTY TAXES
Parcel Number
LOND-000007-000000-000037-000001
Land Assessment
$867,600
Improvements Assessment
$4,551,300
Total Assessment
$5,418,900
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