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Tilton Self-Storage, LLC Acquires Self Storage Property In Tilton, NH For $4.28M

Property Image
SOLD
$4,280,000

New Hampshire

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67,050 SF
Sold 12/03/2021
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Property Image
SOLD

Tilton Self-Storage, LLC Acquires Self Storage Property In Tilton, NH For $4.28M

637 W Main St, Tilton, NH, USA

See Similar Deals
67,050 SF
Sold 12/03/2021
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Summary

NEW HAMPSHIRE
Price Per Square Foot:$63
Total Square Footage:67,050 SF
Transaction Type:Sale

The self-storage property located at 637 West Main St in Tilton, NH has been sold. This property spans over 6.75 acres and is comprised of 67,050 square feet of space. The sale took place on December 3, 2021, with Tilton Self-Storage, LLC purchasing the property from 637 West Main St., LLC for a total of $4,280,000.

Summary of transaction details

  • Property Type: Self Storage
  • Transaction Amount: $4,280,000
  • Date: 12/03/2021
  • Address: 637 West Main St
  • Market: Tilton, NH
  • Acres: 6.75
  • Buyer: Tilton Self-Storage, LLC
  • Buyer's Representative: Doug Martin - KW Commercial
  • Seller: 637 West Main St., LLC
  • Seller's Representatives: Matthew Bacon & Cassandra Farley - SVN|Masiello Commercial
  • Square Footage: 67,050

The buyer of the property, Tilton Self-Storage, LLC, was represented by Doug Martin from KW Commercial. On the other hand, Matthew Bacon and Cassandra Farley from SVN|Masiello Commercial acted as the representatives for the seller, 637 West Main St., LLC.

Players

Matthew Bacon
2 deals$5.7M volume
BROKER

Cassandra Farley
Colliers
3 deals$10.2M volume(603) 623-0100
BROKER

Douglas "Doug" Martin
Keller Williams Realty
1 deal$4.3M volume
BROKER

Details

SOLD
IMAGE: Doug Martin, Cassandra Farley & Matthew Bacon DATE: 12/03/2021 ADDRESS: 637 West Main St MARKET: Tilton, NH ASSET TYPE: Self Storage ~ ACRES: 6.75 BUYER: Tilton Self-Storage, LLC SELLER: 637 West Main St., LLC BUYER'S REP: Doug Martin - KW Commercial SELLER'S REP: Matthew Bacon & Cassandra Farley - SVN|Masiello Commercial SALE PRICE: $4,280,000 SF: 67,050 ~ PPSF: $

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,205.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,289.38
Annual Debt Service$243,472.60