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78 Regional Drive

Norton Asset Management Sells Fully Leased Industrial Property In Concord, NH For $4.5M
SOLDIndustrial

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

Michael Harrington

Harrington & Company

Broker

$11.3M

vol

3 deals

Broker

Concord 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

3.53%

Cash-on-Cash

-1.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93