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
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