NORTHBROOK, Ailing., Nov. 23, 2020 /PRNewswire/ — Hilco Real Estate, LLC pronounces December 18, 2020 because the bid deadline for the sale of a 140,000± square-foot industrial facility positioned at 24 Beacon Avenue in Littleton, New Hampshire. The property was beforehand used as a producing facility and will simply stay as such. Alternatively, with its quick access to main interstates and downtown Littleton, the property may lend itself to a wide range of totally different makes use of as effectively resembling a distribution heart, workplace, and/or multifamily conversion.
Located on 15± acres in downtown Littleton, the land is comprised of two parcels: a 13±-acre parcel known as Lot 176 and a 2±-acre parcel known as Lot 178, which is positioned throughout the road on the Ammonoosuc River. The sale consists of a variety of various buildings together with a five-story, brick, former textile manufacturing area that includes 12-18-foot ceiling heights, 5 dock-high doorways and two drive-in doorways, each moist and dry sprinkler methods, an workplace HVAC, and public water and sewer. Electrical is supplied by NH Coop at roughly 33% much less of the fee than electrical supplied by firms resembling Eversource or Till. Moreover, there are roughly 250 parking areas on website. The property has 1,180 ft of highway frontage together with quick access to Interstate 93, Interstate 91 and different main roads that result in close by East Coast cities.
Littleton is a city in New Hampshire positioned lower than three hours southeast of Montreal and barely over two hours north of Boston. Whereas Littleton’s inhabitants in 2018 was just under 6,000 people, the small city continues to win awards for industrial and financial growth. Such awards embody making the checklist of 50 Best Small Towns in America, curated by sources resembling Smithsonian Journal, Fox Information Journey, Parade Journal and extra, in addition to having been the recipient of the primary NH Profile Neighborhood Award, in response to Littleton’s official website. The property is located close to town’s established industrial park, top-of-the-line within the state as it’s occupied by companies which might be answerable for wages in excess of $35 million and employ more than 1,200 people. The realm’s storefront emptiness charge is all the way down to 2% from 20% as of twelve years in the past, in response to town’s web site.
Ryan Rafter, managing director at Hilco Actual Property, acknowledged, “This property is in a superb location and has the chance for a large number of potential makes use of. It will probably stay as a producing facility, or with its quick access to main interstates, the positioning may be a distribution heart or workplace conversion property – the probabilities are really infinite.”
The bid deadline is scheduled for Friday, December 18, 2020. Bids have to be delivered to the workplaces of Hilco Actual Property on or earlier than 5:00 p.m. (ET) on the day of the deadline to be thought of. consumers ought to evaluation the detailed sale phrases for necessities with a view to take part within the sale course of out there on Hilco’s website. For additional data, please contact Jonathan Cuticelli at (203) 561-8737 or [email protected]. Bids could also be submitted through mail to the next handle: Hilco Actual Property, 5 Revere Drive, Suite 410, Northbrook, IL 60062, or through e mail to [email protected].
For additional data on the property, an evidence of the sale course of, sale phrases or to acquire entry to property due diligence paperwork, please go to HilcoRealEstate.com or name (855) 755-2300.
About Hilco Actual Property
Hilco Actual Property (“HRE”), a Hilco World firm (HilcoGlobal.com), is headquartered in Northbrook, Illinois (USA). HRE is a nationwide supplier of strategic actual property disposition providers. Appearing as an agent or principal, HRE makes use of its expertise to advise and execute methods to help purchasers in deriving the utmost worth from their actual property belongings. By leveraging multi-faceted gross sales methods and methods, aggressive repositioning and restructuring expertise, an unlimited and motivated community of consumers and sellers, and substantial entry to capital, HRE exceeds expectations even in essentially the most complicated transactions.
Media Contact:
Gary Epstein
Hilco World
Workplace: (847) 418-2712
Cell: (847) 323-4943
E mail: [email protected]
SOURCE Hilco Actual Property
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