Industrial Property for Sale in Manchester, NH

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Manchester, NH 03103
  • Year built: 1968

Description

Marcus & Millichap is pleased to exclusively offer 305 Massabesic Street in Manchester, New Hampshire for sale, a multi-tenant industrial property totaling approximately 46,307 square feet on 2.12 acres along Manchester's established east side corridor. The building features ceiling heights of 12 to 24 feet, 75 parking spaces, and original construction dating to 1900 with subsequent additions in 1968 and 2022. Its location provides strong regional connectivity, sitting just four minutes from Interstate 93, five miles from Manchester-Boston Regional Airport, and minutes from downtown Manchester. The property also offers approximately 9,047 square feet of available second-floor office space that could be converted to storage, creating additional lease-up potential for a new owner. The building is 81% occupied by a diverse tenant base operating across wholesale electrical distribution, branded apparel, commercial printing, and vehicle graphics. Offered at $3,875,000 ($83.68 per square foot) and a 7.01% cap rate, 305 Massabesic Street presents an opportunity to acquire a cash-flowing industrial investment with meaningful value-add upside lease up and lease renewals. The property's functional flexibility, varied ceiling heights, and multiple building sections support broad tenant appeal across a range of industrial and flex users. Investment Highlights: • Strategic Industrial Location | Four Minutes From I-93 | Five Miles From Manchester-Boston Regional Airport • Multi-Tenant Industrial Asset | 46,307 SF on 2.12 Acres | Low Market Vacancy | 2.5 Year WALT • Priced Below Replacement Cost at $83.68/SF With a 7.01% Cap Rate on In-Place Income | Stable Cash Flow With Embedded Upside • Functional Flexibility | 12' to 24' Ceiling Heights | Multiple Building Sections Appeal to a Broad Range of Industrial Users • Double Digit Yield Potential | 9,047 SF of Vacancy Creates Near-Term Lease-Up Upside | Below Market Rents

Market Context

This industrial in Manchester, NH is listed for sale. It is offered at an approximate 7.0% capitalization rate, a key benchmark for income-producing industrial assets. The building dates to 1968. It has been on the market for 54 days. Compare it against other industrial listings for sale in Manchester, NH — <a href="/search/sale/industrial/new-hampshire/manchester">view the full market</a>.

As of Q4 2019, the New Hampshire industrial market showed average asking rents near $7.08/SF/yr, and rents up 5.5% year over year. Source: Consensus Q4 2019 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Unified Estimate

Medium Confidence

$6.02/SF – $8.14/SF

Mid: $7.08/SF

Rate estimator only; cost-of-business estimate unavailable.

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