• Year Built: 1996
162 Pembroke Rd is a mixed-use property for lease in Concord, NH.
QUALITY INVESTMENT PROPERTY FOR SALE: Attractive R&D brick exterior building located in Concord NH with favorable highway access. Fully leased, NNN, TRIPLE NET rates. Two tenant office/light manufacturing space with 22,968 SF on 3.96 acres and 80 + parking. Property built in 1996 in meticulous condition with consistent owner occupied maintenance. Front tenant currently leases 12,000 SF primarily professional office space. Currently in year 6 of a 10 year lease. Tenant 2 leases 11,000 SF, with approximately 6000 SF high tech manufacturing space and 5000 SF of office space. Tenant 2 has occupied space for 6 years and is in year one of a two year extension with a 2 year renewable option. This property generates high rental income with superior investor financial indicators. Pro forma indicates approximately 17.5 % cash on cash return, 8.95 cap rates and 1.76 DSCR. Additional financial indicators show projected capital gains growth, due to building and tenant quality. The lease structures increase owner returns and reduce owner risk by tenant responsibility of structural and utility maintenance. This superior investment provides outstanding ROI and growth of NOI to above average cap rates and high reversion with sale. All building maintenance and NNN fees give owner recovery and provide superior opportunity for maximizing investor returns. Tennant quality: Tenant 1 is a high technology deliverer of network security products, solutions services and platforms to a world-wide customer base. Tenant 2 is a technology development company with proprietary US Government contracts was named New Hampshire’s High Technology Inaugural Product of the Year.
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- Chris Norwood, agent and Rofo Pro