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Vault Storage Acquires Industrial Land In Londonderry, NH For $1.8M

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SOLD
$1,800,000

New Hampshire

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Industrial
Sold 01/30/2024
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SOLD

Vault Storage Acquires Industrial Land In Londonderry, NH For $1.8M

63 Londonderry Road

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Industrial
Sold 01/30/2024
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Summary

NEW HAMPSHIRE
Asset Type:Industrial
Transaction Type:Sale

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

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

James Stubblebine
36 deals$246.4M volume
BROKER

Aaron Smith
The Stubblebine Company
4 deals$15.4M volume
BROKER

Roger Dieker
The Boulos Company
2 deals$3.5M volume(603) 333-1333
BROKER

Details

SOLD
IMAGE: Roger Dieker, Aaron Smith & James Stubblebine DATE: 01/30/2024 ADDRESS: 63 Londonderry Road MARKET: Londonderry, NH ASSET TYPE: Industrial BUYER: Charlie Morgan - Vault Storage SELLER: John MacClellan BUYER'S REP: Roger Dieker - The Boulos Company SELLER'S REP: Aaron Smith & James Stubblebine (@James.Stubblebine) - The Stubblebine Company SALE PRICE: $1,800,000 NOTE: Vault Storage has acquired 12.6 acres of industrial land at 63 Londonderry Pike, Hookset, NH, for $1.8 million. Charlie Morgan of Vault Storage, who plans to expand his vehicle and boat storage business, permitted 145,000 square feet on the acquired property.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$96,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,395.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,532.92
Annual Debt Service$102,395.02