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Dave Tanguay Sells 6 A Street Industrial Property In Derry For $3.5M
SOLD
$3,500,000
New Hampshire
See Similar DealsIndustrial22,890 SF
Sold 06/07/2024
SOLD
Dave Tanguay Sells 6 A Street Industrial Property In Derry For $3.5M
6 A Street
See Similar DealsIndustrial22,890 SF
Sold 06/07/2024
Summary
NEW HAMPSHIRE
Asset Type:Industrial
Price Per Square Foot:$152
Total Square Footage:22,890 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$186,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,434.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,591.79
Annual Debt Service$199,101.43
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