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

Property Image
SOLD
$2,300,000

New Hampshire

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Commercial30,000 SF
Sold 12/03/2021
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Property Image
SOLD

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

215 Canal St, Manchester, NH, USA

See Similar Deals
Commercial30,000 SF
Sold 12/03/2021
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Summary

NEW HAMPSHIRE
Asset Type:Commercial
Price Per Square Foot:$76
Total Square Footage:30,000 SF
Transaction Type:Sale

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 "Mike" Reed
6 deals$11.2M volume
BROKER

Donald "Don" Eaton
Colliers
1 deal$2.3M volume
BROKER

Details

SOLD
IMAGE: Don Eaton & Mike Reed DATE: 12/03/2021 ADDRESS: 215 Canal St MARKET: Manchester, NH ASSET TYPE:Commercial SELLER: 215 Canal Street, LLC BUYER: Travis & Kyle York BUYER'S REP: Don Eaton - Colliers International SELLER'S REP: Mike Reed - Stebbins Commercial Properties LLC SALE PRICE: $2,300,000 SF: 30,000 ~ PPSF: $77

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

$122,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,171.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,903.17
Annual Debt Service$130,838.08