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MacVogel Enterprises LLC Acquires Medical Office In Stratham For $2.2 Million With Brokers From The Boulos Company And EXP Realty

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SOLD
$2,200,000

New Hampshire

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Medical Office
Sold 04/24/2025
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SOLD

MacVogel Enterprises LLC Acquires Medical Office In Stratham For $2.2 Million With Brokers From The Boulos Company And EXP Realty

137 Portsmouth Avenue

See Similar Deals
Medical Office
Sold 04/24/2025
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Summary

NEW HAMPSHIRE
Asset Type:Medical Office
Transaction Type:Sale

A medical office property located at 137 Portsmouth Avenue in Stratham, NH, was sold for $2,200,000. The asset has been acquired by MacVogel Enterprises, LLC, which intends to convert it into an emergency veterinary clinic. The property's location attracted significant buyer interest, contributing to the successful transaction.

Summary of transaction details:

This transaction highlights the involvement of key representatives, including Bill Riffert from EXP Realty, representing the buyer, and Christian Stallkamp along with Katherine Gemmecke from The Boulos Company, representing the seller. Their roles were crucial in facilitating the sale of this boutique medical property.

Players

Christian Stallkamp
3 deals$13.3M volume
BROKER

Katherine Gemmecke
The Boulos Company
1 deal$2.2M volume(603) 570-2685
BROKER

Bill Riffert
EXP Realty
1 deal$2.2M volume
BROKER

Details

SOLD
IMAGE: 04/24/2025 ADDRESS: 137 Portsmouth Avenue MARKET: Stratham, NH ASSET TYPE: Medical Office BUYER: MacVogel Enterprises, LLC BUYER'S REP: Bill Riffert - EXP Realty SELLER'S REP: Christian Stallkamp & Katherine Gemmecke - The Boulos Company SALE PRICE: $2,200,000 NOTE: The Boulos Company sold a boutique medical property at 137 Portsmouth Avenue in Stratham, NH, for $2.2 million to MacVogel Enterprises, LLC, which plans to convert it into an emergency veterinary clinic. The location's appeal led to strong buyer interest.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$117,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,816.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,429.12
Annual Debt Service$125,149.47