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6 A Street

Updated Dec 4, 2024

Dave Tanguay Sells 6 A Street Industrial Property In Derry For $3.5M
SOLDIndustrial

Dave Tanguay Sells 6 A Street Industrial Property In Derry For $3.5M

6 A Street

$3,500,000

$152/SF

Building Size

22,890 SF

Asset Type

Industrial

Closing

Jun 7, 2024

About this deal

AI

The sale involved a 22,890 square foot industrial property located at 6 A Street in Derry, NH. The transaction was facilitated by Dave Tanguay of SVN The Masiello Group, representing the buyer, and Ralph Valentine of The Valentine Group, representing the seller. The property was sold for $3.5 million, equating to a price per square foot of $153.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $3,500,000
  • Address: 6 A Street
  • Market: Derry, NH
  • Asset Type: Industrial

Dave Tanguay, a senior advisor at SVN The Masiello Group commercial division, orchestrated the sale of the property for the buyer. The buyer intends to use the industrial property as office and warehouse space, alongside the three existing tenants on the premises.

Players

Dave Tanguay

SVN

Broker

$3.5M

vol

1 deal

Broker

Derry Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $152 per square foot on a published $3.5M for 22,890 square feet (2024).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.53%

Cash-on-Cash

-1.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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