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
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