Investment Property located at 32 Hampshire Road

For Additional Information, please contact:
Bob Rohrer, rrohrer@coldstreamre.com, or
Hugo F. Overdeput, CCIM, hoverdeput@coldstreamre.com
170 So. River Road Bedford, NH 03110
T: (603) 623-0100  www.coldstreamre.com

OVERVIEW

This unique investment opportunity, located at 32 Hampshire Road in Salem, New Hampshire, is a 95,000+/- s.f. single story office /R&D/lab/light assembly facility. Located on 10.18+/- acres, the site is conveniently located on the MA/NH border, minutes away from I-93 Exit 47 (MA) and Exit 1 (NH), and is convenient to shopping and restaurants on Route 28 in Salem.

Built in 1968, the facility underwent major renovations and was expanded in 2001. The building features a steel and concrete block construction with a current interior configuration consisting of 30,000+/- s.f. of high end office space and 65,000+/- s.f. of R&D/lab/light assembly space.

Significant improvements to the building include a new rubber membrane roof (2001), thermal insulated windows, and 2 enclosed tailboard docks. The interior lighting systems, the HVAC systems and the office space are in excellent condition.

There are 150 existing parking spaces. Additional parking can be created. It is also possible that an addition can be added to the facility (normal permitting and approvals would be required).

The entire facility is master-leased by StockerYale, Inc. through December 31, 2010, with triple net rent in 2007 of $507,000. The Company’s headquarters and high-end fiber optic manufacturing operations are located here. The unique masterlease structure allows the owner to diversify the tenant mix over a nearly four year period without negatively impacting the existing net operating income.  As of January 1, 2007, the tenant's security deposit will be $507,000.

We look forward to further discussing the features and benefits of the facility with you.

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PRINTABLE DOWNLOADS
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LINKS
The following links are related to the 32 Hampshire Road property and G & E.
• www.nheconomy.com
• www.newhampshire.com
• www.coldstreamre.com
• www.grubb-ellis.com

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DISCLOSURE
The information contained herein is from sources deemed reliable, but is not guaranteed by Grubb & Ellis|Coldstream Real Estate Advisors, Inc. (G&E|CREA). G&E|CREA assumes no responsibility for matters legal
in character, nor does it render an opinion as to the title, which is assumed to be good. All data is subject to change of price, error, omissions, other conditions or withdrawal without notice. G&E|CREA welcomes the
cooperation of other licensed real estate brokers who properly register a buyer or tenant with whom a sale or lease is consummated. G&E|CREA is acting as the Seller’s/Lessor’s agent in the marketing of these properties.

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