Grail Real Estate, LLC & Planche Real Estate, LLC Acquire Industrial Asset In Rye, NH For $6.1M
2 Airfield Drive, Rye, NH, USA
$6,100,000
$98/SF
Building Size
61,659 SF
Asset Type
Industrial
Closing
Mar 11, 2021
AI
The industrial property located at 2 & 6 Airfield Drive & 190 Lafayette Road in Rye, NH has been sold for a price of $6,100,000. The property spans across 61,659 square feet and is situated on 27.49 acres of land. The sale price calculates to approximately $99 per square foot, while the price per acre amounts to $221,899. The transaction took place on March 12, 2021.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $6,100,000
- Address: 2 & 6 Airfield Drive & 190 Lafayette Road, Rye, NH
- Market: Rye, NH
- Seller: Rickert Investment Real Estate, LLC
- Seller's Representative: Andrew Ward - Colliers International
- Buyer: Grail Real Estate, LLC & Planche Real Estate, LLC
- Buyer's Representative: Tony Jalbert - Tate & Foss Sotheby’s International Realty
The sale of the property was facilitated by Andrew Ward from Colliers International who represented the seller, Rickert Investment Real Estate, LLC. On the buyer's side, Tony Jalbert from Tate & Foss Sotheby’s International Realty acted as the representative for Grail Real Estate, LLC and Planche Real Estate, LLC.
Players
Rye 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
2.60%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93