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78 Regional Drive

Updated Dec 4, 2024

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

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

Michael Harrington

Harrington & Company

Broker

$11.3M

vol

3 deals

Broker

Concord Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $77 per square foot on a published $4.5M for 58,000 square feet (2023).

Visit Michael (Mike) Harrington to view all their deals.

Browse Concord industrial sales on Traded.

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

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