R.J. Kelly Co. Acquires Industrial Property In Durham, NH For $21M
121 Technology Drive, Durham, NH, USA
$21,000,000
$42/SF
Building Size
500,000 SF
Asset Type
Industrial
Closing
Nov 19, 2021
AI
Located at 121 Technology Dr in Durham, NH, this industrial property spans across 170 acres. The sale of this property took place on 11/19/2021, with a purchase price of $21,000,000. The property offers approximately 500,000 square feet of space, resulting in a price per square foot of $42. The seller in this transaction was Lexington Durham Limited Partnership, while the buyer was R.J. Kelly Co. represented by Brandon Kelly.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $21,000,000
- Address: 121 Technology Dr, Durham, NH
- Market: Durham, NH
- Total Acres: 170
- Square Footage: 500,000
- Price per Square Foot: $42
- Seller: Lexington Durham Limited Partnership
- Buyer: R.J. Kelly Co. - Brandon Kelly
Brandon Kelly of R.J. Kelly Co. represented the buyer in this transaction, showcasing their expertise and involvement in the deal. This sale represents a significant transaction in the Durham, NH market, highlighting the value and potential of industrial properties in the area.
Durham 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
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93