List Price: $5,950,000 | $195 per sq.ft. Commercial
Space type
Price Change! Reduced by $800,000 down 13% on March 31st 2024
Date Listed Wednesday May 31, 2023 | MLS# 4955040
Space type
Price Change! Reduced by $800,000 down 13% on March 31st 2024
Date Listed Wednesday May 31, 2023 | MLS# 4955040
To see this Listing
Address: 81 Whittier Highway Moultonborough NH
Listed by Gerry OConnell KW Coastal and Lakes & Mountains Realty/Dover Cell: 603-978-8381
Description:
BRING YOUR OFFERS - Motivated Seller. Exciting New Price of $5,950,000 - 9.6 Cap Rate with 3% annual increases, and almost 3 years left on the Lease. Excellent Investment opportunity or an Ideal hands off 1031 Exchange property. 81 Whittier Highway with 3.85 acres was built in 2014, and is a high quality 28,967 SF Office Building and has been maintained in excellent condition. The Lease renewed in 2022 for 5 years to end of January 2027. In the current year 2024, the net income is at a 9.08 Cap Rate and 3% annual increases, making this an attractive 1031 exchange property for a Buyer. The property serves as the World Headquarters for CruCon Cruise Outlets. Fantastic setting in picturesque Moultonborough, on the North end of Lake Winnipesaukee. Moultonborough has Lake Winnipesaukee at it's South border, and Squam Lake at its West border. Boston Companies - Bring yourself, your business, and your employees to enjoy the NH Lakes Lifestyle.
Building Type : Office
Equipment : Security System | Sprinkler System | Air Conditioner | Generator - Standby
Misc : Fire System | Elevator - Passenger
Sale Includes : Land/Building
Listed by Gerry OConnell KW Coastal and Lakes & Mountains Realty/Dover Cell: 603-978-8381
Description:
BRING YOUR OFFERS - Motivated Seller. Exciting New Price of $5,950,000 - 9.6 Cap Rate with 3% annual increases, and almost 3 years left on the Lease. Excellent Investment opportunity or an Ideal hands off 1031 Exchange property. 81 Whittier Highway with 3.85 acres was built in 2014, and is a high quality 28,967 SF Office Building and has been maintained in excellent condition. The Lease renewed in 2022 for 5 years to end of January 2027. In the current year 2024, the net income is at a 9.08 Cap Rate and 3% annual increases, making this an attractive 1031 exchange property for a Buyer. The property serves as the World Headquarters for CruCon Cruise Outlets. Fantastic setting in picturesque Moultonborough, on the North end of Lake Winnipesaukee. Moultonborough has Lake Winnipesaukee at it's South border, and Squam Lake at its West border. Boston Companies - Bring yourself, your business, and your employees to enjoy the NH Lakes Lifestyle.
Building Type : Office
Equipment : Security System | Sprinkler System | Air Conditioner | Generator - Standby
Misc : Fire System | Elevator - Passenger
Sale Includes : Land/Building
Features
Signage: Adequate
Signage: Adequate
Income
Net Income| 0
Management Expense: $0
Insurance Expense : $0
Net Income| 0
Management Expense: $0
Insurance Expense : $0
Construction Information:
Year Built: 2014
Other Exterior
Price Per SQ.FT. 194.52 No. of Units: 0
Building Size : 30588
Available SQFT : 28967
Building Type: Office
Year Built: 2014
Other Exterior
Price Per SQ.FT. 194.52 No. of Units: 0
Building Size : 30588
Available SQFT : 28967
Building Type: Office
ExteriorRoof: Shingle - Asphalt
InteriorSprinkler: Wet.
Land Information
Lot size: 3.85 acres
Zoned: Commercial
Road Frontage: 546
Garage And Parking: On-Site | Parking Spaces 21+
Road Frontage: 546
No. of Docks | 0.
UtilitiesUtilities: Other
AC % | 100.
Additional Information
Taxes $17,904
Assesed Value Not Reported
Taxes $17,904
Assesed Value Not Reported
Schools
