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:
- Property Type: Medical Office
- Transaction Amount: $2,200,000
- Buyer: MacVogel Enterprises, LLC
- Buyer's Representative: Bill Riffert - EXP Realty
- Seller's Representatives: Christian Stallkamp & Katherine Gemmecke - The Boulos Company
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
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