EIP Manager Corp Acquires Industrial Property In Amherst, NH For $24M
1 Bon Terrain Drive, Amherst, NH 03031, USA
$24,000,000
$60/SF
Building Size
400,000 SF
Asset Type
Industrial
Closing
Sep 16, 2021
AI
The industrial property located at 1 Bon Terrain Dr in Amherst, NH has been sold for a price of $24,000,000. The property spans 400,000 square feet, resulting in a price per square foot of $60. The sale took place on September 16, 2021. The buyer in this transaction is EIP Manager Corp, while the seller is FW Webb Company.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $24,000,000
- Address: 1 Bon Terrain Dr, Amherst, NH
- Market: Amherst, NH
- Buyer: EIP Manager Corp
- Seller: FW Webb Company
Mark Prolman of Prolman Realty represented the buyer as their broker's representative, while Rich Ruggiero of Newmark represented the seller in the deal.
Players
Amherst Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93