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
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