6 Mohawk DrLondonderry, NH 03053

Property Details for 6 Mohawk Dr

Year built

2019

Construction

FRAME

Lot size

1.01 AC

Property size (Sq ft)

5,840 SF

Zone code

C-I

Property type

Office buildings

APN

LOND M:006 L:038-0

APU

LONDM006L0380

Description

This exceptional free-standing commercial building, constructed in 2019, presents a lucrative investment opportunity in the thriving Londonderry, NH market. Strategically located near Route 93, Exit 4, this property boasts convenient access to major transportation arteries, Manchester Airport, and a wealth of amenities. The building currently enjoys a 96% occupancy rate, with a newly signed five-year lease (with renewal options) for a salon occupying the entire first floor. The second floor houses professional office tenants. A single vacant office space of approximately 245 square feet is available, offering immediate income potential. A significant advantage is the full basement, featuring an 8-foot ceiling height and a separate egress, presenting further leasing opportunities. Ample parking is available on-site, catering to the needs of tenants and clients. The property's excellent condition and high occupancy rate make it an attractive investment for discerning buyers seeking strong returns in a prime location. The asking price is $1,400,000. This is a rare opportunity to acquire a nearly fully leased, modern commercial building in a highly desirable area.

• CAP approach

  CAP return

  Valuation

  6%

  $965,526

  6.5%

  $891,255

  7%

  $827,594

• Comparable approach

  Method

  Valuation

  Relative Method

  $763,054

  Geo Method

  $763,054

• Alternative Use

  Use

  Valuation

  Residential

  $1,105,156

  Hospitality

  $1,012,317

  Educational

  $842,236

  Medical

  $871,202

  Retail

  $1,310,145

Location Insight

City

Londonderry

County

Rockingham

State

New Hampshire

Latitude

42.8471

Longitude

-71.3584

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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