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Loon Island Realty, LLC Acquires Industrial Property In Nashua, NH For $6M

Property Image
SOLD
$6,000,000

New Hampshire

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Industrial73,768 SF
Sold 01/07/2022
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Property Image
SOLD

Loon Island Realty, LLC Acquires Industrial Property In Nashua, NH For $6M

41 Simon Street, Nashua, New Hampshire 03060, United States

See Similar Deals
Industrial73,768 SF
Sold 01/07/2022
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Summary

NEW HAMPSHIRE
Asset Type:Industrial
Price Per Square Foot:$81
Total Square Footage:73,768 SF
Transaction Type:Sale

Loon Island Realty, LLC has acquired an industrial property in Nashua, NH for a price of $6,000,000. The property, located at 41 Simon St, spans over 73,768 square feet. The transaction was facilitated by Brian Dano and Chris Pascucci of SVN|Masiello Commercial, who represented both the buyer and the seller, Tanguay Avenue, LLC.

Summary of transaction details

  • Property Type: Industrial
  • Date: 01/07/2022
  • Address: 41 Simon St
  • Market: Nashua, NH
  • Buyer: Loon Island Realty, LLC
  • Seller: Tanguay Avenue, LLC
  • Brokers: Brian Dano & Chris Pascucci - SVN|Masiello Commercial
  • Sale Price: $6,000,000
  • Square Footage: 73,768 sq ft
  • Price Per Square Foot: $81

Brian Dano and Chris Pascucci of SVN|Masiello Commercial played a crucial role in the transaction, representing both the buyer, Loon Island Realty, LLC, and the seller, Tanguay Avenue, LLC.

Players

Brian Dano
1 deal$6M volume
BROKER

Chris Pascucci
SVN
2 deals$9.1M volume
BROKER

Details

SOLD
IMAGE: Brian Dano & Chris Pascucci DATE: 01/07/2022 ADDRESS: 41 Simon St MARKET: Nashua, NH ASSET TYPE: Industrial BUYER: Loon Island Realty, LLC SELLER: Tanguay Avenue, LLC BROKERS: Brian Dano & Chris Pascucci - SVN|Masiello Commercial SALE PRICE: $6,000,000 SF: 73,768 ~ PPSF: $81

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$319,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
Annual Debt Service$341,316.73