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11 Klein Drive

Rusty Brooks Acquires Industrial Facility From Klein Marine Systems For $4.625M In Salem NH
SOLDIndustrial

Rusty Brooks Acquires Industrial Facility From Klein Marine Systems For $4.625M In Salem NH

11 Klein Drive

$4,625,000

$86/SF

Building Size

53,415 SF

Asset Type

Industrial

Closing

Sep 5, 2025

AI

An industrial property located at 11 Klein Drive in Salem, NH has been sold for $4,625,000. The asset spans 22 acres and features a total square footage of 53,415. The sale price reflects a price per square foot of $87.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $4,625,000
  • Address: 11 Klein Drive
  • Market: Salem, NH
  • Acres: 22
  • Square Footage: 53,415
  • Price Per Square Foot: $87
  • Buyer: Rusty Brooks
  • Seller: Klein Marine Systems
  • Brokers: Kevin Olson, Rick Bartley & Anthony Triglione - Nordlund Associates

Nordlund Associates represented the seller, Klein Marine Systems, in the transaction. Buyer Rusty Brooks, LLC acquired the site to facilitate the expansion of United Staging and Rigging.

Players

Kevin Olson

Nordlund Associates

Broker

$9.9M

vol

6 deals

Broker
Nordlund Associates
Nordlund AssociatesBrokerage

Salem 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

3.43%

Cash-on-Cash

-0.98%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93