516-518 Mammoth Road, Londonderry, NH 03053

Commercial property for lease

• Description
• Hard to Find Investment Property! Five buildings are included in this real estate investment of 32,728 rentable square feet - with only a 5% vacancy consisting of three perfect small office suites! Over an 8% cap rate on this investment!This property fronts Rockingham Road (NH Route 28), Sanborn Road and Mammoth Road!The Main Building (BUILDING ONE) with an address of 3 Sanborn Road consisting of 20,000 SF +/- , currently has approximately 13,259 rentable square feet. The 3rd Floor has never been finished - on-site parking was expanded to allow for completion of this 3rd floor for additional office space and additional Income. This wood-framed building has vinyl siding.The Owners of this property own and operate Cozy Kids Daycare currently under a new 10 year lease agreement. Total of 9 Tenants in Building One.There are four industrial / commercial buildings to the rear of Building One which fronts Mammoth Road. The address for these four buildings is 516 Mammoth Road.Building Two has 4 Tenants.Building Three has 3 TenantsBuilding Four has 3 TenantsBuilding Five has 5 Tenants. There are 15 Tenants total at 516 Mammoth Road. Most of these tenants are on a month to month basis and many have been leasing for last 5 to 7 years.A new sprinkler system was installed ($50,000) in 3 Sanborn Road building - 1st Floor - dry sprinkler system, 2nd & 3rd Floor wet sprinkler system.Income and Expenses and Tenant Roster available to qualified Buyers upon signing of a Confidentiality Agreement.516 Mammoth Road is on 3.425 Acres and 518 Mammoth Road is on .10 acres. There is a tall brick Smokestack building structure on the corner of the property that at one time was an electric steam generator when the property years ago lumber yard.There is enormous financial upside potential due to the 3rd Floor expansion at 3 Sanborn Road and potential cell tower income from the Smokestack Tower structure! Building price details: $1,600,000.
• Exterior Features

• Parking Type:

  Structure, Surface

• Contact info
• Wendy E. Keeler
• Note

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