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.
Manchester Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
Loading comparables…
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