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R.J. Kelly Co. Acquires Industrial Property In Durham, NH For $21M

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SOLD
$21,000,000

New Hampshire

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Industrial500,000 SF
Sold 11/19/2021
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Property Image
SOLD

R.J. Kelly Co. Acquires Industrial Property In Durham, NH For $21M

121 Technology Drive, Durham, NH, USA

See Similar Deals
Industrial500,000 SF
Sold 11/19/2021
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Summary

NEW HAMPSHIRE
Asset Type:Industrial
Price Per Square Foot:$42
Total Square Footage:500,000 SF
Transaction Type:Sale

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.

Players

3 deals$109.1M volume
BUYER

Details

SOLD
IMAGE: Brandon Kelly DATE: 11/19/2021 ADDRESS: 121 Technology Dr MARKET: Durham, NH ASSET TYPE: Industrial ~ Acres: 170 SELLER: Lexington Durham Limited Partnership BUYER: R.J. Kelly Co. - Brandon Kelly SALE PRICE: $21,000,000 SF: 500,000 ~ PPSF: $42

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

$1,120,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$74,608.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$99,550.71
Annual Debt Service$1,194,608.56