Mansard completes the sale of a 116,000 SF warehouse in Newfields, NH

Newfields, NH–Taylor Saulnier, CCIM of MANSARD accomplished the sale of a 116,000 SF warehouse in Newfields, NH.

The constructing was 100% leased to a house textile firm that’s been occupying the location since 2009 for nationwide distribution. MANSARD completely represented the Vendor and instantly procured the Purchaser for a sale worth of $5,150,000. Greater than 10 provides have been generated, which finally resulted in an all money closing.

Newfields is situated in Rockingham County, and the topic property is situated simply 5 minutes off RT 101. Bordering cities embrace Stratham, Exeter, Epping & Newmarket. This worth add funding is presently utilized as a nationwide distribution middle. The constructing options 116,000 SF of warehouse/manufacturing house positioned in Rockingham Counties extremely demanded Industrial market, with a 1% industrial emptiness price. The property is leased to Nice Bay Residence at 50% beneath market lease. The constructing provides heavy energy, 2 drive-in bays, 5 loading docks, rail entry and ample ceiling heights of 13’6”.

The Vendor, Mike O’Neil stated “I’m within the means of my third property sale with Taylor, and upon completion she may have offered greater than 350,000 sq. ft of commercial belongings for me. I’d suggest Taylor with full confidence to anybody trying to promote their industrial property.”

CoStar stories that by way of sq. footage, the sale of 16 Swampscott Avenue is presently the most important industrial transaction in New Hampshire for the yr 2023.

Saulnier, who makes a speciality of Southern NH Industrial belongings described the transaction as “an image excellent worth add deal offering quick money movement to an investor with 50% beneath market lease.”  Saulnier additionally added that she’s “laser targeted on Southern NH’s industrial market”. The tenant at 16 Swampscott Avenue occupied roughly 110,000 sf and there’s a 6,000 sf part comprised of 55 self storage items.  The warehouse is located on 6.5 acres that includes 2 drive ins, 5 loading docks and a 13’6’’ ceiling. The transaction closed on March 3, 2023 between O’Neil Warehouse Firm because the Vendor, and Massive Blocks LLC, because the Purchaser.

MANSARD additionally not too long ago closed the sale of an 80,000 SF warehouse on behalf of the identical Vendor. This 80,000 sf warehouse situated at 44 Industrial Park Drive in Dover, NH offered through non-public sale to RJ Kelly Co for $8,000,000 in This autumn 2022.

The put up Mansard completes the sale of a 116,000 SF warehouse in Newfields, NH appeared first on Boston Real Estate Times.