Excellent 1031 Exchange - 8.13% Cap Rate - 95% Occupancy - The Moody Building, Claremont, NH
Listing was updated at: 01/01/2019
Property Overview
Price/Rent PSF $ 1,900,000.00
Asset Type Office
Trade Type Sale
SQ. FT. Available 49,281
Date Available 01/01/2019
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Parking 20
Floors 4
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Description

Location
This is the Premiere Identity building in Opera House Square, in downtown Claremont. This former hotel from the early 1900's is neighbors to one of the newest Common Man Restaurant/Hotel projects, Red River Software, Claremont Town Hall, Claremont District Court and the Claremont Police Department. This is Main and Main in Claremont!

Sale
Known as "The Moody Building", this historic landmark building has been the anchor for retail and office space at the Opera House Square, Downtown Claremont, NH for decades. Overlooking the Sugar River, a tributary from the Connecticut River, this was originally built as a hotel in 1900 and still has a lot of the original architecture and charm. Many prominent dignitaries stayed at this building when it was a hotel, most famously, President John F Kennedy. This property has been extremely well maintained, no expenses spared on Capital Improvements including a 3 yr old, rubber-membrane, insulated roof, entire building sprinkler system, updated efficient heating systems, electrical systems and more. This property is virtually maintenance free, and the on-site manager has been with the property since 1972! There are 41 units with only 4 small office vacancies and there is a waiting list of tenants for the 1st floor retail. $154,484 NOI, 8.13% CAP, The City of Claremont has been and continues to invest Hundreds of Thousands of dollars in a current City wide revitalization program.

Location