Updated Oct 29, 2024
Elm Grove Properties Acquires Medical Office Building In Hooksett, NH For $1.28M
200 Technology Drive Hooksett, NH 03106, USA
$1,280,000
$150/SF
Building Size
8,500 SF
Asset Type
Medical Office
Closing
Sep 1, 2023
About this deal
AI
Norton Asset Management and Harrington & Company have successfully sold the 8,500-square-foot medical office building at 200 Technology Dr. near I-93 Exit 10 for $1.28 million in a recent transaction. The property is located in Hooksett, NH and is classified as a medical office. It offers a spacious area of 8,500 square feet with a price per square foot of $151.
Summary of Transaction Details
- Property Type: Medical Office
- Transaction Amount: $1,280,000
- Address: 200 Technology Drive, Hooksett, NH
- Market: Hooksett, NH
The buyer, Elm Grove Properties, acquired the medical office building. The transaction was facilitated by Michael Harrington from Harrington & Company and William Norton from Norton Asset Management. Both brokers played a crucial role in the successful sale of the property.
Players
Hooksett 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
12.39%
Cash-on-Cash
-3.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93