Vault Storage Acquires Industrial Land In Londonderry, NH For $1.8M
63 Londonderry Road
$1,800,000
Building Size
—
Asset Type
Industrial
Closing
Jan 30, 2024
AI
Charlie Morgan of Vault Storage has acquired 12.6 acres of industrial land at 63 Londonderry Pike, Hookset, NH, for $1.8 million. The property is located in Londonderry, NH and was sold by John MacClellan. The transaction took place on January 30, 2024. Charlie Morgan plans to expand his vehicle and boat storage business and has obtained permits for 145,000 square feet on the acquired property.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,800,000
- Buyer: Charlie Morgan - Vault Storage
- Seller: John MacClellan
- Buyer's Representative: Roger Dieker - The Boulos Company
- Seller's Representatives: Aaron Smith & James Stubblebine - The Stubblebine Company
Vault Storage, represented by Roger Dieker of The Boulos Company, has successfully closed the deal to acquire the industrial land. Aaron Smith and James Stubblebine from The Stubblebine Company acted as the seller's representatives.
Players
Londonderry Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93