Updated Dec 4, 2024
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
Derry 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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93