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6 Continental Blvd, Merrima...

6 Continental LLC Acquires Commercial Property In Merrimack, NH For $975K
SOLDCommercial

6 Continental LLC Acquires Commercial Property In Merrimack, NH For $975K

6 Continental Blvd, Merrimack, NH, USA

$975,000

$76/SF

Building Size

12,700 SF

Asset Type

Commercial

Closing

Aug 5, 2021

AI

6 Continental Blvd, located in Merrimack, NH, has recently been sold in a commercial transaction for a price of $975,000. The property spans a total area of 12,700 square feet, resulting in a price per square foot of $77. The sale took place on August 6, 2021, and involved the seller, Corja Inc., and the buyer, 6 Continental LLC.

Summary of Transaction Details

  • Property Type: Commercial
  • Transaction Amount: $975,000
  • Square Footage: 12,700
  • Price per Square Foot: $77
  • Date: August 6, 2021
  • Address: 6 Continental Blvd, Merrimack, NH

In this transaction, Mike Reed from Stebbins Commercial Properties LLC represented the seller, Corja Inc. On the buyer's side, Mike Tamposi from CBRE acted as the buyer's representative. These professionals played pivotal roles in facilitating the deal and ensuring a successful transaction.

Players

Michael Reed

Stebbins Commercial Properties

Broker

$11.2M

vol

6 deals

Broker

Merrimack 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

16.27%

Cash-on-Cash

-4.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93