Albany Road Real Estate Fund III Acquires Industrial Property In Plaistow, NH For $20.8M
144 Main Street, Plaistow, New Hampshire 03865, United States
$20,838,000
$117/SF
Building Size
177,170 SF
Asset Type
Industrial
Closing
Oct 13, 2022
AI
The industrial property located at 144 Main St in Plaistow, NH has been sold in a recent transaction. Spanning across 36 acres, the property offers a total square footage of 177,170.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $20,838,000
- Address: 144 Main St, Plaistow, NH
- Market: Plaistow, NH
- Buyer: Albany Road Real Estate Fund III, LLC
- Seller: Metcon Realty, LLC
- Brokers: James Stubblebine, David Stubblebine & Ellen Garthoff - The Stubblebine Company
- Price per Square Foot: $118
The transaction was facilitated by the brokerage team of James Stubblebine, David Stubblebine, and Ellen Garthoff from The Stubblebine Company. Their expertise in the industry played a crucial role in successfully closing the deal.
Players
Plaistow 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