NAI Norwood Group Sells Industrial Property In Concord, NH For $9.2M
SOLD
$9,200,000
New Hampshire
See Similar DealsIndustrial
Sold 06/03/2022
SOLD
NAI Norwood Group Sells Industrial Property In Concord, NH For $9.2M
204 Fisherville Road, Concord, New Hampshire 03303, United States
See Similar DealsIndustrial
Sold 06/03/2022
Summary
NEW HAMPSHIRE
Asset Type:Industrial
Transaction Type:Sale
The industrial property located at 204 Fisherville Rd in Concord, NH has been sold. The sale was facilitated by Joseph Mendola from NAI Norwood Group.
Summary of Transaction Details:
- Property Type: Industrial
- Sale Price: $9,200,000
- Units: 443
- Price Per Unit: $20,767
- Date: 06/03/2022
- Market: Concord, NH
The sale of this property demonstrates the strong demand for industrial assets in Concord, NH. With a total of 443 units, the property offers ample space for various industrial operations. The sale price of $9,200,000 translates to an average price per unit of $20,767, highlighting the value of this investment.
Joseph Mendola from NAI Norwood Group played a crucial role in facilitating this transaction. His expertise in the industrial real estate market contributed to the successful sale of the property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$490,666.68
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$32,685.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$43,612.69
Annual Debt Service$523,352.32
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