12 Jenkins Ct
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12 Jenkins Ct
20,630 SF 100% Leased Office Building Durham, NH 03824 £6,732,600 (£326/SF) 6.73% Net Initial Yield
Investment Highlights
- Apartments are primarily leased to UNH students.
- Seven of the 12 units already pre-leased for 2025 – 2026.
- Newly added commercial tenant recently completed significant renovations at their own expense.
- All apartments are fully leased for the 2024 – 2025 academic year.
- Commercial space is anchored by two long-term tenants.
Executive Summary
Located in the heart of downtown Durham, NH, 12 – 16 Jenkins Court is just steps from the University of New Hampshire (UNH) and within walking distance of all downtown amenities. This property consists of three mixed-use buildings, featuring four ground-floor commercial tenants and 12 apartments – 11 above and one on the lower level. With a 30+ year track record of 99% occupancy, this turn-key investment property offers strong potential for continued rent growth and future appreciation.
For more information a signed NDA is required.
For more information a signed NDA is required.
Property Facts
Sale Type
Investment
Property Type
Building Size
20,630 SF
Building Class
C
Year Built
1927
Price
£6,732,600
Price Per SF
£326
Net Initial Yield
6.73%
NOI
£453,104
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
Typical Floor Size
6,877 SF
Slab to Slab
10 ft
Building FAR
1.75
Lot Size
0.27 AC
Zoning
CB - Central Business
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Walk Score ®
Very Walkable (80)
PROPERTY TAXES
Parcel Number | DRHM-000004-000009 | Improvements Assessment | £1,796,963 |
Land Assessment | £1,507,141 | Total Assessment | £3,304,104 |
PROPERTY TAXES
Parcel Number
DRHM-000004-000009
Land Assessment
£1,507,141
Improvements Assessment
£1,796,963
Total Assessment
£3,304,104
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12 Jenkins Ct
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