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44 Chenell Drive, Concord, ...

New Sunset Realty Acquires Industrial Property In Concord For $1.9M
SOLDIndustrial

New Sunset Realty Acquires Industrial Property In Concord For $1.9M

44 Chenell Drive, Concord, NH 03301, USA

$1,900,000

$90/SF

Building Size

21,000 SF

Asset Type

Industrial

Closing

Aug 6, 2020

AI

An industrial property located at 44 Chenell Dr in Concord, NH has been sold in a recent transaction. The property, spanning 21,000 square feet, was sold for a price of $1,900,000. This translates to a price per square foot of $21,000. The property sits on 2.41 acres, which amounts to a price per acre of $788,382. The sale was facilitated by brokers Bob Rohrer and Dan Scanlon from Colliers, who represented the seller, Chenell Drive Trust, and the buyer, New Sunset Realty.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $1,900,000
  • Square footage: 21,000
  • Price per square foot: $21,000
  • Address: 44 Chenell Dr, Concord, NH
  • Market: Concord, NH
  • Seller: Chenell Drive Trust
  • Buyer: New Sunset Realty
  • Brokers: Bob Rohrer & Dan Scanlon - Colliers
  • Acres: 2.41
  • Price per acre: $788,382

This transaction highlights the successful collaboration between Chenell Drive Trust as the seller and New Sunset Realty as the buyer. In addition, Bob Rohrer and Dan Scanlon from Colliers played a pivotal role as the brokers representing both parties in the sale of this industrial property. The deal demonstrates the value and demand for industrial real estate in the Concord, NH market.

Players

Robert Rohrer

Colliers

Broker

$25M

vol

4 deals

Broker

Concord Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.35%

Cash-on-Cash

-2.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93