Updated Sep 5, 2024
23.4K SF Industrial Property In Merrimack, NH Sold For $2.95M
19 Star Drive Merrimack, New Hampshire 03054, USA
$2,950,000
$126/SF
Building Size
23,400 SF
Asset Type
Industrial
Closing
Jul 10, 2023
About this deal
AI
A 23,400-square-foot industrial property located at 19 Star Drive in Merrimack, New Hampshire, has been sold for $2,950,000. The transaction involved a Massachusetts-based private investor as the buyer.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $2,950,000
- Square Footage: 23,400
- Price per Square Foot: $126
- Address: 19 Star Drive, Merrimack, NH
- Market: Merrimack, NH
The sale of this industrial property was facilitated by the real estate brokerage firm Marcus & Millichap, represented by brokers Luigi Lessa, Harrison Klein, and Ben Scherman.
Players
Nashua 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
5.38%
Cash-on-Cash
-1.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93