EIP Manager Corp Acquires Industrial Property In Amherst, NH For $24M
SOLD
$24,000,000
New Hampshire
See Similar DealsIndustrial400,000 SF
Sold 09/16/2021
SOLD
EIP Manager Corp Acquires Industrial Property In Amherst, NH For $24M
1 Bon Terrain Drive, Amherst, NH 03031, USA
See Similar DealsIndustrial400,000 SF
Sold 09/16/2021
Summary
NEW HAMPSHIRE
Asset Type:Industrial
Price Per Square Foot:$60
Total Square Footage:400,000 SF
Transaction Type:Sale
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
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,279,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$85,266.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$113,772.24
Annual Debt Service$1,365,266.93
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