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JBCM LLC Acquires Industrial Buildings In Salem New Hampshire For $7.75M With JLL Representation

Property Image
SOLD
$7,750,000
David Coffman
Michael (Mike) Restivo
Tommy (Tom) Hovey

New Hampshire

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Industrial165,000 SF
Sold 11/04/2025
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Property Image
SOLD

JBCM LLC Acquires Industrial Buildings In Salem New Hampshire For $7.75M With JLL Representation

13 Delaware Drive, 15 Delaware Drive & 40 Lowell Road

See Similar Deals
Industrial165,000 SF
Sold 11/04/2025
David Coffman
Michael (Mike) Restivo
Tommy (Tom) Hovey
the dealplayerscompscontact
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Summary

NEW HAMPSHIRE
Asset Type:Industrial
Price Per Square Foot:$47
Total Square Footage:165,000 SF
Transaction Type:Sale

The transaction involved the sale of three fully leased industrial buildings located at 13-15 Delaware Drive & 40 Lowell Road in Salem, New Hampshire. The total sale price for this industrial asset was $7,750,000, encompassing a total of 55,000 square feet, resulting in a price per square foot of $141.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $7,750,000
  • Square Footage: 55,000
  • Address: 13-15 Delaware Drive & 40 Lowell Road
  • Market: Salem, NH
  • Price per Square Foot: $141

JLL Capital Markets facilitated the transaction, representing JBCM, LLC in the acquisition of the properties. The brokers involved in this sale included Michael (Mike) Restivo, David Coffman, and Tommy (Tom) Hovey from JLL.

Players

Michael (Mike) Restivo
JLL
Michael Restivo
29 deals$523.4M volume
BROKER
David Coffman
JLL
David Coffman
15 deals$308.2M volume
BROKER
Tommy (Tom) Hovey
JLL
Tommy Hovey
9 deals$125.7M volume(860) 944-3851
BROKER
JLL
JLL
BROKERAGE

Details

SOLD
IMAGE: 11/04/2025 ADDRESS: 13-15 Delaware Drive & 40 Lowell Road MARKET: Salem, NH ASSET TYPE: Industrial BROKERS: Michael (Mike) Restivo, David Coffman & Tommy (Tom) Hovey - JLL SALE PRICE: $7,750,000 SF: 55,000 ~ PPSF: $141 NOTE: JLL Capital Markets arranged the $7.75M sale of three fully leased industrial buildings totaling 55,000 square feet in Salem, New Hampshire, to JBCM, LLC. The properties, located near I-93 along the Massachusetts border, offer tax advantages and access to Boston’s northern suburbs, appealing to value-add industrial investors.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$27,534.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,738.95
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