Updated Feb 16, 2024
$7.4M Acquisition Loan Secured By Washington Trust For 80K SF Industrial Property In Dover, NH
44 Industrial Park Drive Dover, New Hampshire 03820, USA
$7,400,000
$92/SF
Building Size
80,000 SF
Asset Type
Industrial
Closing
Jun 23, 2023
About this deal
AI
An affiliate of RJ Kelly (RJK) has acquired a fully leased 80,000-square-foot industrial property located at 44 Industrial Drive in Dover, New Hampshire. The property is situated in a prime location in the Dover market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $7,400,000
- Address: 44 Industrial Drive, Dover, NH
- Market: Dover, NH
- Lender: Washington Trust - Julia Anne M. Slom
- Landlord: RJ Kelly
Washington Trust's Commercial Real Estate Group provided $7.4 million in financing to 44 Industrial Drive Owner, LLC, to facilitate the acquisition of this fully leased industrial property. The transaction was completed with the assistance of Julia Anne M. Slom from Washington Trust, who represented the lender in this transaction.
Players
Dover Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.14%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93