For Sale
$3,875,000

99 Middle StManchester, NH 03101

Prime location, fully leased, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional two-story, Class B commercial office building in downtown Manchester, NH, presents a compelling investment opportunity. Boasting 14,137 square feet (12,299 net rentable), the property is currently 100% occupied, generating a strong net operating income (NOI) of $156,000 and a 4.03% cap rate. The asking price is $3,875,000, translating to $274.10 per square foot. Built in 1953 and extensively renovated in 2018, the building features modern amenities including high-speed internet, a new sprinkler system, and updated plumbing. The property includes three units and offers convenient access to 21+ parking spaces equipped with electric car charging stations. Situated on a 13,578 square foot lot, zoned R-3, this building enjoys a prime location, just a 10-minute drive from Manchester Airport and 54 minutes from Boston. This owner/user investment opportunity is ideal for businesses seeking a secure, efficient, and well-located space in a thriving city center. The building's strong tenant base, with credit-rated tenants under a NN+ lease structure, ensures a stable income stream.

Highlights

  • Class B, two-story office building; 14,137 square feet (12,299 net rentable) in downtown Manchester, NH.
  • 100% occupied, generating $156,000 NOI and a 4.03% cap rate; $3,875,000 asking price ($274.10/SF).
  • Renovated in 2018, featuring modern amenities including high-speed internet, new sprinkler system, and updated plumbing.
  • Three units, 21+ parking spaces with EV charging stations, situated on a 13,578 SF lot (R-3 zoning).
  • Prime location: 10 minutes from Manchester Airport, 54 minutes from Boston; strong tenant base with credit-rated tenants under NN+ leases.

Property Details for 99 Middle St

Property type
Office properties
Square Feet
14,137 SF
Class
B
Year Built/Renovated
1953/2018
Buildings
1
Stories
2
Units
3

Location Insight

City
Manchester
County
Hillsborough
State
New Hampshire
Latitude
42.990110241394
Longitude
-71.466019333264
99 Middle St, Manchester, New Hampshire

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99 Middle St
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