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6 Buttrick Rd

24,984 SF 100% Leased Office Building Londonderry, NH 03053 $5,478,252 CAD ($219 CAD/SF) 8.37% Cap Rate

Investment Highlights

  • Over 65,000 residents and 25,000 employees support the surrounding area, average household income of $117,528 within a 1-mile radius.
  • Proximity to local and national retailers such as Home Depot, Jersey Mike’s Subs, AMC Classic Londonderry 10, Benson Lumber & Hardware.
  • Directly off Nashua Road, less than 2 miles Southwest of Interstate 93, approximately one hour from Boston Logan International Airport.

Executive Summary

Office medical building in a prime location positioned off Nashua Road/State Route 102, a primary thoroughfare serving Southeast New Hampshire. The property is less than 2 miles Southwest of Interstate 93 (67,700 VPD), a dominant Interstate Highway serving New England and approximately one hour from Boston Logan International Airport and approximately 15 minutes from the Manchester-Boston Regional Airport. The surrounding area offers strong demographics in a 5-mile area, featuring over 65,000 residents and 25,000 employees. With an average household income of $117,528 within a 1-mile radius and proximity to local and national retailers such as Home Depot, Jersey Mike’s Subs, AMC Classic Londonderry 10, Benson Lumber & Hardware, and Kelsen Brewing Company.

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
24,984 SF
Building Class
B
Year Built
1999
Price
$5,478,252 CAD
Price Per SF
$219 CAD
Cap Rate
8.37%
NOI
$458,530 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
8,328 SF
Building FAR
0.24
Land Acres
2.43 AC
Zoning
Commercial
Parking
78 Spaces (3.12 Spaces per 1,000 SF Leased)

DEMOGRAPHICS

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 Mile
3 Mile
5 Mile
2020 Population
3,518
29,594
63,568
2024 Population
3,541
29,923
64,290
Population Growth '20-'24
0.7%
1.1%
1.1%
2020 Households
1,473
11,393
24,151
2024 Households
1,470
11,445
24,274
Household Growth '20-'24
-0.2%
0.5%
0.5%
Average Age
44
41
41
Median Household Income
$98,010
$105,404
$110,887
Daytime Employees
4,580
13,564
26,766
Total Businesses
805
1,961
3,751
College Degree + Higher
41%
39%
40%
$ values in USD

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
LOND-000007-000000-000037-000001
Land Assessment
$1,215,308 CAD
Improvements Assessment
$6,375,324 CAD
Total Assessment
$7,590,632 CAD
  • Listing ID: 29145644

  • Date on Market: 2023-07-31

  • Last Updated:

  • Address: 6 Buttrick Rd, Londonderry, NH 03053

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