Marmon Aerospace & Defense Acquires Industrial Property In Hooksett, NH For $2.2M
18 Legends Drive, Hooksett, New Hampshire 03106, United States
$2,200,000
Building Size
—
Asset Type
Industrial
Closing
Jun 23, 2022
AI
Marmon Aerospace & Defense has acquired an industrial property located at 18 Legends Dr in Hooksett, NH. The property spans across 42 acres and was sold for a total of $2,200,000. The deal was facilitated by Josh Robbie from Savills-US, representing the buyer, and Mike Harrington from Harrington & Company, and Bill Norton from Norton Asset Management, representing the seller.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $2,200,000
- Address: 18 Legends Dr, Hooksett, NH
- Market: Hooksett, NH
- Buyer: Marmon Aerospace & Defense
- Buyer's Representative: Josh Robbie - Savills-US
- Seller's Representatives: Mike Harrington - Harrington & Company, and Bill Norton - Norton Asset Management
The acquisition of the industrial property at 18 Legends Dr in Hooksett, NH was finalized on June 24, 2022. The transaction involved a total asset of 42 acres and was successfully negotiated by the buyer's representative, Josh Robbie of Savills-US, and the seller's representatives, Mike Harrington of Harrington & Company, and Bill Norton of Norton Asset Management.
Players
Hooksett Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93