60 Pulpit Rock RdPelham, NH 03076

Property Details for 60 Pulpit Rock Rd

Year built

1979

Construction

STEEL FRAME

Lot size

25.00 AC

Property size (Sq ft)

69,523 SF

Zone code

I

Property type

Industrial properties

Property subtype

Other warehouses

APN

PLHM M:41-6 B:129-1

APU

PLHMM416B1291

Description

This exceptional 80,000-square-foot industrial property, situated on a expansive 25-acre lot in Pelham, New Hampshire, presents a compelling investment opportunity. Built in 1980 and renovated in 1997, the warehouse boasts 22-foot ceilings, providing ample vertical space for various industrial uses. The property includes three loading docks and one dock-high door, facilitating efficient material handling. With 400 parking spaces, accommodating employees and visitors is effortless. Currently, 45,000 square feet is immediately available for occupancy. The seller will lease back 35,000 square feet under a five-year lease at $8.00 per square foot, net, net, net (NNN), with a 3% annual rent increase. The lease includes an option to terminate at the end of year three with twelve months' prior notice. The property's strategic location on Pulpit Rock Road offers 2,196 feet of frontage, benefiting from access to a dual labor market and the tax advantages of being located on the tax-free side of the New Hampshire/Massachusetts border. The substantial lot size provides significant potential for future expansion. The asking price for this prime industrial asset is $8,500,000. The property is zoned for industrial use.

Location Insight

City

Pelham

County

Hillsborough

State

New Hampshire

Latitude

42.7012

Longitude

-71.3173

CBSA code

31700

CBSA name

MANCHESTER-NASHUA, NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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