Travis & Kyle York Acquire Commercial Property In Manchester, NH For $2.3M
215 Canal St, Manchester, NH, USA
$2,300,000
$76/SF
Building Size
30,000 SF
Asset Type
Commercial
Closing
Dec 3, 2021
AI
The commercial property located at 215 Canal St in Manchester, NH has been sold for $2,300,000. The property spans 30,000 square feet, resulting in a price per square foot of $77. The sale took place on 12/03/2021 and involved the following individuals and companies:
Summary of transaction details
- Property Type: Commercial
- Transaction Amount: $2,300,000
- Address: 215 Canal St
- Market: Manchester, NH
- Seller: 215 Canal Street, LLC
- Buyer: Travis & Kyle York
- Buyer's Representative: Don Eaton - Colliers International
- Seller's Representative: Mike Reed - Stebbins Commercial Properties LLC
Don Eaton from Colliers International represented the buyers, Travis & Kyle York, in this transaction. Meanwhile, Mike Reed from Stebbins Commercial Properties LLC represented the seller, 215 Canal Street, LLC. These professionals played crucial roles in facilitating the successful sale of the property.
Players
Manchester Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93