Atlantic Capital Partners sells 85-95 Faltin Dr. for $7.8 million

Manchester, NH Atlantic Capital Partners negotiated the $7.8 million sale of 85–95 Faltin Dr., a warehouse/flex property located along South Willow St., near I-293 with access to Rte. 3 and I-93. The transaction was led by Justin Smith, head of capital markets; Chris Peterson, executive vice president; Sam Koonce, vice president; Danielle Turpin, associate; and Matt Ericson, senior analyst. Atlantic Capital Partners exclusively represented both the buyer and seller.

Comprising nearly 51,600 s/f situated on over five acres, the property presents a compelling long-term opportunity for future ownership to continue to drive NOI via a programmatic leasing initiative. The site’s positioning along one of the most dynamic corridors in the trade area and access to one of the most densely populated communities in the state ensure long-term desirability for this type of space. The building is well-suited for office, warehouse, industrial, and flex users, featuring 16-ft. clear ceiling heights, adaptable floor plans, on-site parking, and multiple loading docks.

Smith said, “With the buyers’ long-term horizon, the asset fits perfectly into their investment thesis of acquiring durable cash flow with the ability to upgrade the tenancy over time.”

Located at a signalized intersection along the city’s most heavily traveled roadway, South Willow St., the property benefits from traffic counts exceeding 45,000 vehicles per day. 

Ericson said, “The site’s flexibility to accommodate both multiple-sized tenants and the 10 loading docks provides terrific leasing optionality.”

Building 1 is 18,600 s/f of office and warehouse space. Building 2, similarly, is made up of 15,400 s/f, is both office and warehouse, and has loading docks. Building 3 is a dedicated warehouse space, offering 17,600 s/f with 10 loading docks and 16-ft.-high ceilings.