MMECU Sells Commercial Property On Bridge Street In Manchester For $1.15M
SOLD
$1,150,000
New Hampshire
See Similar DealsCommercial19,200 SF
Sold 05/06/2022
SOLD
MMECU Sells Commercial Property On Bridge Street In Manchester For $1.15M
42 Bridge St, Manchester, New Hampshire 03101, United States
See Similar DealsCommercial19,200 SF
Sold 05/06/2022
Summary
NEW HAMPSHIRE
Asset Type:Commercial
Price Per Square Foot:$59
Total Square Footage:19,200 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$61,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,085.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,451.59
Annual Debt Service$65,419.04
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