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121 Technology Drive, Durha...

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

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.

Players

Brandon Kelly

R.J. Kelly Co

Buyer

$109.1M

vol

3 deals

Buyer

Durham Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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