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Albany Road Real Estate Fund III Acquires Industrial Property In Plaistow, NH For $20.8M

Property Image
SOLD
$20,838,000
Ellen Garthoff
James Stubblebine
David Stubblebine

New Hampshire

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Industrial177,170 SF
Sold 10/14/2022
the dealplayerscompscontact
Property Image
SOLD

Albany Road Real Estate Fund III Acquires Industrial Property In Plaistow, NH For $20.8M

144 Main Street, Plaistow, New Hampshire 03865, United States

See Similar Deals
Industrial177,170 SF
Sold 10/14/2022
Ellen Garthoff
James Stubblebine
David Stubblebine
the dealplayerscompscontact
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Summary

NEW HAMPSHIRE
Asset Type:Industrial
Price Per Square Foot:$117
Total Square Footage:177,170 SF
Transaction Type:Sale

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

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

David Stubblebine
The Stubblebine Company
David Stubblebine
31 deals$313.6M volume
BROKER
James Stubblebine
The Stubblebine Company
James Stubblebine
36 deals$246.4M volume
BROKER
Ellen Garthoff
The Stubblebine Company
Ellen Garthoff
4 deals$33.7M volume
BROKER

Details

SOLD
IMAGE: James Stubblebine, David Stubblebine & Ellen Garthoff DATE: 10/14/2022 ADDRESS: 144 Main St MARKET: Plaistow, NH ASSET TYPE: Industrial ~ ACRES: 36 BUYER: Albany Road Real Estate Fund III, LLC SELLER: Metcon Realty, LLC BROKERS: James Stubblebine (@James.Stubblebine), David Stubblebine & Ellen Garthoff - The Stubblebine Company (@TheStubblebineCompany)(@StubblebineCompanyCRE) SALE PRICE: $20,838,000 SF: 177,170 ~ PPSF: $118

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

$1,111,360.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$74,033.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$98,782.75
Annual Debt Service$1,185,393.01