305 Massabesic St 37,260 SF 100% Leased Industrial Building Manchester, NH 03103 $3,500,000 ($93.93/SF) 8.44% Cap Rate

Marcus & Millichap is pleased to exclusively offer 305 Massabesic Street in Manchester, New Hampshire for sale, a multi-tenant industrial property totaling approximately 37,706 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 that is not included in the gross square footage.
The building is 100% occupied by a diverse tenant base operating across wholesale electrical distribution, branded apparel, commercial printing, and vehicle graphics. Offered at $3,500,000 ($93.98 per square foot) and a 8.44% 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.