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
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