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137 Portsmouth Avenue

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

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

137 Portsmouth Avenue

$2,200,000

Building Size

Asset Type

Medical Office

Closing

Apr 24, 2025

AI

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

The Boulos Company

Broker

$13.3M

vol

3 deals

Broker

Stratham Medical Office Market Snapshot

Boundary boundary · Medical Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.21%

Cash-on-Cash

-2.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93