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
Concord 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
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93