Provender Partners Acquires Industrial Property In Londonderry, NH From Newmark
SOLD
$67,000,000
New Hampshire
See Similar DealsIndustrial316,000 SF
Sold 02/16/2022
SOLD
Provender Partners Acquires Industrial Property In Londonderry, NH From Newmark
6 Rockingham Rd, Londonderry, New Hampshire 03053, United States
See Similar DealsIndustrial316,000 SF
Sold 02/16/2022
Summary
NEW HAMPSHIRE
Asset Type:Industrial
Price Per Square Foot:$212
Total Square Footage:316,000 SF
Transaction Type:Sale
An industrial property located at 6 & 219 Rockingham Rd. in Londonderry, NH has been sold for a total price of $67,000,000. The property spans a total area of 316,000 square feet and was sold at a price per square foot of $212.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $67,000,000
- Address: 6 & 219 Rockingham Rd., Londonderry, NH
- Market: Londonderry, NH
- Buyer: Provender Partners
- Buyer's Representative: Kevin Griffiths - Newmark
- Seller's Representative: Brian Pinch - Newmark
Kevin Griffiths from Newmark represented the buyer, Provender Partners, in this transaction. Meanwhile, Brian Pinch, also from Newmark, represented the seller.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,573,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$238,036.86
Cash-on-Cash Return-1.27%
Monthly Debt Service$317,614.18
Annual Debt Service$3,811,370.18
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