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Trendezza LLC Acquires 17.93 Acre Condo Site In Windham NH From Nesmith Meadows LLC For $4.5M
SOLD
$4,500,000
New Hampshire
See Similar DealsCondo
Sold 09/05/2025
SOLD
Trendezza LLC Acquires 17.93 Acre Condo Site In Windham NH From Nesmith Meadows LLC For $4.5M
47 North Lowell Road
See Similar DealsCondo
Sold 09/05/2025
Summary
NEW HAMPSHIRE
Asset Type:Condo
Transaction Type:Sale
A 17.93-acre site located at 47 North Lowell Road in Windham, NH, has been sold for $4,500,000. This property is approved for the development of 50 duplex condominium units.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $4,500,000
- Buyer: Trendezza, LLC
- Seller: Nesmith Meadows, LLC
- Brokers: Dan Scanlon & Cassandra Farley - Colliers
- Buyer’s Representative: Jared Trandezza - Moe Marketing Realty Group
The sale was facilitated by Colliers, indicating the professionalism in handling real estate transactions in the area. The buyer, Trendezza, LLC, is positioned to develop the property further following its acquisition from Nesmith Meadows, LLC.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$240,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55
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