Foxfield Acquires Industrial Property In Salem, NH For $14.9M
SOLD
$14,900,000
New Hampshire
See Similar DealsIndustrial100,450 SF
Sold 09/07/2022
SOLD
Foxfield Acquires Industrial Property In Salem, NH For $14.9M
21 Northwestern Drive, Salem, New Hampshire 03079, United States
See Similar DealsIndustrial100,450 SF
Sold 09/07/2022
Summary
NEW HAMPSHIRE
Asset Type:Industrial
Price Per Square Foot:$148
Total Square Footage:100,450 SF
Transaction Type:Sale
Foxfield has acquired an industrial property in Salem, NH for $14,900,000. The property, located at 21 Northwestern Dr, spans across 15 acres in the market. The transaction was facilitated by Chris Healey of The Boulos Company, representing Foxfield.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $14,900,000
- Address: 21 Northwestern Dr, Salem, NH
- Market: Salem, NH
- Acres: 15
The industrial property has a total area of 100,450 square feet, with a price per square foot of $148. This information was captured from the Instagram post shared by Chris Healey on 09/07/2022.
Congratulations to Foxfield on their acquisition of this industrial property in Salem, NH. The deal was successfully negotiated by Chris Healey from The Boulos Company, who represented Foxfield in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$794,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$52,936.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$70,633.60
Annual Debt Service$847,603.22
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