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105 Market Street, Portsmou...

409 Franklin Pierce Highway, LLC Acquires Mixed-Use Property In Portsmouth, NH For $2.5M
SOLDMixed-use

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

David Choate

Colliers

Broker

$23.1M

vol

5 deals

Broker
4L
409 Franklin Pierce Highway, LLCBuyer

Portsmouth Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

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