409 Franklin Pierce Highway, LLC Acquires Mixed-Use Property In Portsmouth, NH For $2.5M
105 Market Street, Portsmouth, NH, USA
$2,500,000
$387/SF
Building Size
6,460 SF
Asset Type
Mixed-use
Closing
Oct 1, 2021
AI
105-107 Market Street in Portsmouth, NH has recently been sold in a closed transaction. The mixed-use property was sold for $2,500,000, with a total square footage of 6,460. This translates to a price-per-square-foot of $387.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,500,000
- Address: 105-107 Market Street, Portsmouth, NH
- Market: Portsmouth, NH
The buyer of 105-107 Market Street is 409 Franklin Pierce Highway, LLC. Representing the buyer in this transaction is Tony Jalbert from Tate & Foss Sotheby’s International. On the other hand, the seller, 105-107 Market Street, LLC, was represented by David Choate and Andrew Ward from Colliers International.
Players
Portsmouth Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93