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99 Knox Marsh Road, Dover, ...

RY Development Acquires 20.50 Acre Development Site In Dover, NH For $1.1M
SOLDDevelopment Site

RY Development Acquires 20.50 Acre Development Site In Dover, NH For $1.1M

99 Knox Marsh Road, Dover, New Hampshire 03820, United States

$1,099,000

Building Size

Asset Type

Development Site

Closing

Sep 1, 2022

AI

A 20.50-acre development site located at 99 Knox Marsh in Dover, NH has been sold for a price of $1,099,000. The property was acquired by RY Development, LLC.

Summary of transaction details:

Dana Rainaud from Keller Williams Coastal Realty represented the buyer, RY Development, LLC, in this transaction. Chris McMahon, a representative from Summit Realty Partners, handled the seller's side.

Players

Chris McMahon

Summit Realty Partners

Broker

$45M

vol

9 deals

Broker

Dover Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

14.43%

Cash-on-Cash

-4.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93