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1069 S Mammoth Rd, Manchest...

Lynch Real Estate Holdings Acquires Industrial Property In Manchester, NH For $1.4M
SOLDIndustrial

Lynch Real Estate Holdings Acquires Industrial Property In Manchester, NH For $1.4M

1069 S Mammoth Rd, Manchester, New Hampshire 03109, United States

$1,429,384

$142/SF

Building Size

10,000 SF

Asset Type

Industrial

Closing

Feb 3, 2022

AI

An industrial property located at 1069 S Mammoth Rd in Manchester, NH has been sold. The property spans 10,000 square feet and was sold for a price of $1,429,384, resulting in a price per square foot of $143. The sale took place on 02/04/2022.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $1,429,384
  • Square Footage: 10,000
  • Address: 1069 S Mammoth Rd, Manchester, NH
  • Market: Manchester, NH

The buyer of this property was Lynch Real Estate Holdings. They were represented by Mike Reed from Stebbins Commercial Properties. The seller, 14 SMR LLC, was represented by Matthew Bacon and Cassandra Farley from SVN|Masiello Commercial.

Players

Michael Reed

Stebbins Commercial Properties

Broker

$11.2M

vol

6 deals

Broker

Manchester 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

11.10%

Cash-on-Cash

-3.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93