Updated Dec 4, 2024
Norton Asset Management Sells Fully Leased Industrial Property In Concord, NH For $4.5M
78 Regional Drive
$4,500,000
$77/SF
Building Size
58,000 SF
Asset Type
Industrial
Closing
Dec 15, 2023
About this deal
AI
Located at 78 Regional Drive in Concord, NH, this fully leased industrial property recently sold for a transaction value of $4.5 million. The property spans over 7.22 acres and consists of three buildings with a total size of 58,000 square feet.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $4,500,000
- Address: 78 Regional Drive, Concord, NH
- Market: Concord, NH
- Acres: 7.22
Harrington & Company and Norton Asset Management worked together to facilitate the sale of this industrial property. Michael Harrington, representing Harrington & Company, collaborated with William Norton of Norton Asset Management to finalize the transaction.
This deal marks a successful collaboration between the two companies, resulting in the sale of a fully leased industrial property in Concord, NH. The transaction volume reached $4.5 million, showcasing the value and desirability of this property.
Players
Concord 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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93