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200 Technology Drive Hookse...

Elm Grove Properties Acquires Medical Office Building In Hooksett, NH For $1.28M
SOLDMedical Office

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

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

Michael Harrington

Harrington & Company

Broker

$4.4M

vol

2 deals

Broker

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