409 Franklin Pierce Highway, LLC Acquires Mixed-Use Property In Portsmouth, NH For $2.5M
SOLD
$2,500,000
New Hampshire
See Similar DealsMixed-use6,460 SF
Sold 10/01/2021
SOLD
409 Franklin Pierce Highway, LLC Acquires Mixed-Use Property In Portsmouth, NH For $2.5M
105 Market Street, Portsmouth, NH, USA
See Similar DealsMixed-use6,460 SF
Sold 10/01/2021
Summary
NEW HAMPSHIRE
Asset Type:Mixed-use
Price Per Square Foot:$387
Total Square Footage:6,460 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31
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