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JBCM LLC Acquires Industrial Buildings In Salem New Hampshire For $7.75 Million

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SOLD
$7,750,000

New Hampshire

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Industrial220,000 SF
Sold 10/21/2025
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SOLD

JBCM LLC Acquires Industrial Buildings In Salem New Hampshire For $7.75 Million

1 Delaware Drive, 13 Delaware Drive, 15 Delaware Drive & 40 Lowell Road

See Similar Deals
Industrial220,000 SF
Sold 10/21/2025
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Summary

NEW HAMPSHIRE
Asset Type:Industrial
Price Per Square Foot:$35
Total Square Footage:220,000 SF
Transaction Type:Sale

This transaction involves the sale of three fully leased industrial buildings, incorporating a total of 55,000 square feet. The properties are located at 1 Delaware Drive, 13 Delaware Drive, 15 Delaware Drive, and 40 Lowell Road in Salem, New Hampshire. The sale was executed for $7,750,000, reflecting a price per square foot of $141.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $7,750,000
  • Address: 1 Delaware Drive, 13 Delaware Drive, 15 Delaware Drive & 40 Lowell Road
  • Market: Salem, NH
  • Square Footage: 55,000
  • Price Per Square Foot: $141
  • Buyer: JBCM, LLC

JLL Capital Markets facilitated the arrangement of this sale, representing the involved parties through its brokers, which include Michael Restivo, Tommy Hovey, and David Coffman. The transaction reflects a strategic investment in the industrial property market, with JBCM LLC acquiring the fully leased buildings.

Players

Michael (Mike) Restivo
29 deals$523.4M volume
BROKER

David Coffman
JLL
15 deals$308.2M volume
BROKER

Tommy (Tom) Hovey
JLL
9 deals$125.7M volume(860) 944-3851
BROKER

JLL
BROKERAGE

Details

SOLD
IMAGE: 10/21/2025 ADDRESS: 1 Delaware Drive, 13 Delaware Drive, 15 Delaware Drive & 40 Lowell Road MARKET: Salem, NH ASSET TYPE: Industrial BUYER: JBCM, LLC BROKERS: Michael Restivo, Tommy Hovey & David Coffman - JLL SALE PRICE: $7,750,000 SF: 55,000 ~ PPSF: $141 NOTE: JLL Capital Markets arranged the $7.75 million sale of three fully leased industrial buildings totaling 55,000 square feet in Salem, New Hampshire, to JBCM LLC.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$413,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$27,534.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,738.95
Annual Debt Service$440,867.45