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

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SOLD
$8,000,000

New Hampshire

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Industrial80,000 SF
Sold 11/18/2022
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SOLD

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

44 Industrial Park Drive

See Similar Deals
Industrial80,000 SF
Sold 11/18/2022
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Summary

NEW HAMPSHIRE
Asset Type:Industrial
Price Per Square Foot:$100
Total Square Footage:80,000 SF
Transaction Type:Sale

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

9 deals$35.2M volume
BROKER

Details

SOLD
IMAGE: Taylor Saulnier DATE: 11/18/2022 ADDRESS: 44 Industrial Park MARKET: Dover, NH ASSET TYPE: Industrial BUYER: RJ Kelly Company SELLER: Solvetta Sales LLC BROKER: Taylor Saulnier, CCIM - MANSARD (@MansardCommercialProperties) SALE PRICE: $8,000,000 SF: 80,000 ~ PPSF: $100 NOTE FROM BROKER: Taylor Saulnier, CCIM, of MANSARD facilitated the sale of 44 Industrial Park Drive in Dover, NH. The 80,000 sf warehouse is currently utilized as a distribution facility. MANSARD represented both the Buyer, RJ Kelly Company, and the Seller, Solvetta Sales, LLC throughout the sale process. The building is situated on 8.46 acres and features 9 loading docks, 2 drive in doors, and 16’ clear ceilings. 44 Industrial Park Drive sold for $100/sf and was 100% leased at the time of sale.

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

$426,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$28,422.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,924.08
Annual Debt Service$455,088.98