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215 Canal St, Manchester, N...

Travis & Kyle York Acquire Commercial Property In Manchester, NH For $2.3M
SOLDCommercial

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

Michael Reed

Stebbins Commercial Properties

Broker

$11.2M

vol

6 deals

Broker

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