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63 Londonderry Road

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

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

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

The Stubblebine Company

Broker

$246.4M

vol

36 deals

Broker

Londonderry 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

8.81%

Cash-on-Cash

-2.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93