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44 Industrial Park Drive

RJ Kelly Company Acquires Industrial Warehouse In Dover, NH For $8M
SOLDIndustrial

RJ Kelly Company Acquires Industrial Warehouse In Dover, NH For $8M

44 Industrial Park Drive

$8,000,000

$100/SF

Building Size

80,000 SF

Asset Type

Industrial

Closing

Nov 18, 2022

AI

Located at 44 Industrial Park Drive in Dover, NH, this industrial property has recently been sold. The property, spanning 80,000 square feet, is utilized as a distribution facility. It sits on 8.46 acres of land and features 9 loading docks, 2 drive-in doors, and 16' clear ceilings. The sale process was facilitated by Taylor Saulnier, CCIM, of MANSARD on behalf of both the Buyer, RJ Kelly Company, and the Seller, Solvetta Sales, LLC. The property was fully leased at the time of the transaction.

Summary of transaction details

  • Property Type: Industrial
  • Sale Price: $8,000,000
  • Square Footage: 80,000
  • Price per Square Foot: $100
  • Date: 11/18/2022
  • Market: Dover, NH

Taylor Saulnier, CCIM, acted as the broker for this transaction, representing both the buyer and the seller. MANSARD is the agency associated with Taylor Saulnier. The sale of 44 Industrial Park Drive marks a successful transaction in the industrial property market.

Players

Taylor Saulnier

Broker

$35.2M

vol

9 deals

Broker

Dover 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

1.98%

Cash-on-Cash

-0.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93