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18 Legends Drive, Hooksett,...

Marmon Aerospace & Defense Acquires Industrial Property In Hooksett, NH For $2.2M
SOLDIndustrial

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

Josh Robbie

Savills

Broker

$2.2M

vol

1 deal

Broker

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