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42 Bridge St, Manchester, N...

MMECU Sells Commercial Property On Bridge Street In Manchester For $1.15M
SOLDCommercial

MMECU Sells Commercial Property On Bridge Street In Manchester For $1.15M

42 Bridge St, Manchester, New Hampshire 03101, United States

$1,150,000

$59/SF

Building Size

19,200 SF

Asset Type

Commercial

Closing

May 5, 2022

AI

The commercial property located at 42-44 Bridge Street in Manchester, NH was recently sold for a total of $1,150,000. The property spans approximately 19,200 square feet, resulting in a price per square foot of $60. The sale took place on 05/06/2022.

Summary of transaction details:

  • Property Type: Commercial
  • Transaction Amount: $1,150,000
  • Square Footage: 19,200
  • Price per Square Foot: $60
  • Address: 42-44 Bridge Street, Manchester, NH
  • Market: Manchester, NH

The seller of the property was MMECU, and the broker involved in the transaction was Mike Reed from Stebbins Commercial Properties LLC.

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

13.79%

Cash-on-Cash

-3.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93