Income Property Edge has several properties available for lease. Please contact us for more information!
The NH Contender: May, 2007
To see our most recent ad, including our featured business, for Liberty Hill Road - Henniker, NH,
Ocean National Bank "Annex," 45 Main Street - Peterborough, NH - Commercial
Peterborough - NH, May 2006: The latest acquisition of Kevin Steinbach, President of Income Property Edge, a real estate development company with offices in Manchester and Henniker, is the Ocean National Bank "Annex" at 45 Main Street in Peterborough. The property was purchased for $1,100,000.00 in a transaction with Ocean National Bank that involved two other properties totaling $1,800,000.00. The Seller was represented by Andrew Peterson of The Petersons. Bob Edwards of Ocean National was the Lending officer. The 20,000 sf Class A building was originally built as the administrative headquarters for the Peterborough Savings Bank in 1987. While host to several professional service businesses, the property is partially vacant. Cosmetic upgrades and marketing are the immediate goals to bring this multi-tenant building to full occupancy. Income Property Edge has proven the ability to quickly turnaround residential and commercial properties suffering from deferred maintenance and poor management. This was most recently accomplished in the acquisition and redevelopment of the Foster Building (10,000 sf) at the Liberty Hill Office Park in Henniker - 0% to 100% occupancy within one year, and new anchor tenant, Henniker District Court. Other recent projects include the 90 day interior renovations and re-leasing of 22 Hall Avenue, Henniker, an eight unit residential building, and the Newport Professional Center, 87 Sunapee Street, Newport, an 8,300 sf. multi tenant office building. Interior cosmetic upgrades are nearing completion and aggressive marketing has been successful in filling vacant spaces.
Newport Professional Center - Newport, NH
Excerpt from the O'Dell Column in the Argus Champion Newspaper, published April 12, 2006. "Economic development comes in different forms. Last Thursday night, I stopped by 87 Sunapee Street for a Newport Chamber of Commerce "business after hours" event. New owner Kevin Steinbach, from Henniker, has renovated the building into a multi-tenant facility with office space with common areas like a conference room to be shared by tenants. Having this office space available will be an asset for the community as small and/or new businesses will have a place to locate their operations. I remember when I tried to take our own business to other cities. Although my initiative did not work, I found that multi-tenant offices with shared equipment and common areas was the most efficient and economical way to set up a new operation. Representative Harry Gale (Sunapee), through his real estate firm, is the leasing agent. My belief is that facilities like this that help people start or keep businesses going will be an economic development generator. And an older building in town has been renovated and put to a good use."
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