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54 Wentworth Ave Londonderr...

Romeo Danais Acquires Industrial Property On Wentworth Avenue In Londonderry, NH For $4.5M
SOLDIndustrial

Romeo Danais Acquires Industrial Property On Wentworth Avenue In Londonderry, NH For $4.5M

54 Wentworth Ave Londonderry, NH 03053, USA

$4,500,352

$165/SF

Building Size

27,248 SF

Asset Type

Industrial

Closing

Jul 31, 2023

AI

The industrial property located at 54 Wentworth Avenue in Londonderry, NH has been sold for a price of $4,500,352. The property spans 27,248 square feet and has a price per square foot of $165. The sale was completed on 07/31/2023 and the property is situated in the market of Londonderry, NH.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $4,500,352
  • Address: 54 Wentworth Avenue, Londonderry, NH
  • Market: Londonderry, NH
  • Square Footage: 27,248
  • Price Per Square Foot: $165

James Keefe of Greater Boston Commercial Properties, Inc. represented the seller, Stahoo Properties, in this transaction. The buyer of the property is Romeo Danais. Mark Lore is the representative for Stahoo Properties, while James Keefe acted as the seller's representative. The property is home to Mobility Works, a leading provider of mobility solutions with the largest inventory of wheelchair accessible vehicles in the nation. The building was constructed in 1989 and underwent renovations in 2003. It features four drive-in doors, two loading docks, a 24-foot clear, and 150 parking spaces. The property is conveniently located just 2.8 miles from the Manchester-Boston Regional Airport and 46 miles from downtown Boston. James Keefe has been involved in multiple real estate transactions, completing over $25 million in sales and transacting on more than 220,000 square feet of real estate within the past year.

Players

James Keefe

Greater Boston Commercial Properties

Broker

$42.9M

vol

16 deals

Broker

Mark Lore

Stahoo Properties

Seller

$10.1M

vol

3 deals

Seller

Londonderry 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

3.52%

Cash-on-Cash

-1.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93