Penacook Family Physicians (Concord Hospital) 4 Cresent St 10,613 SF 100% Leased Office Building Concord, NH 03303 $4,712,443 ($444.03/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Structured Hedge Against Inflation | 2% Annually
- Close Proximity to Interstate Highway | Under 2 Miles From I-93
- Mission Critical Location | Easy Access to Public Transportation (Washington St. Bus Stop)
- Local Population Growth | 3.5% Increase in 5 Mile Radius Since 2020
- Strong Location Fundamentals | Located Near Merrimack Middle School & High School
- Plans For Development | Concord Currently Has 570 Apartment Units that are Under Construction or Have Been Completed Recently
EXECUTIVE SUMMARY
SAB Capital is pleased to present Penacook Family Physicians (Concord Hospital) in Concord, NH, just 70 miles northwest of Boston. This lease features a net lease (condo) structure with 2.5% annual rent escalations. Ideally located less than 2 miles from I-93, the property benefits from strong location fundamentals. The tenant, a well-established operator with significant regional presence and community reliance, holds a strong Fitch credit rating of AA-.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
10,613 SF
Building Class
B
Year Built
2011
Price
$4,712,443
Price Per SF
$444.03
Cap Rate
7%
NOI
$329,871
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
10,613 SF
Building FAR
0.12
Lot Size
2.11 AC
Zoning
OCP
Parking
30 Spaces (2.83 Spaces per 1,000 SF Leased)
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