409 Franklin Pierce Highway, LLC Acquires Mixed-use Property In Portsmouth, NH For $3.7M
205 Market Street, Portsmouth, NH, USA
$3,700,000
$447/SF
Building Size
8,262 SF
Asset Type
Mixed-use
Closing
Mar 4, 2021
AI
Located at 205 Market Street in Portsmouth, NH, a mixed-use property was recently sold for $3,700,000. The property spans across 8,262 square feet, translating to a price per square foot of $448. The transaction took place on March 5, 2021.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $3,700,000
- Square Footage: 8,262
- Price per Square Foot: $448
- Market: Portsmouth, NH
The sellers of the property were Betty Belcher & Seth Morton Associates, LLC, while the buyer was 409 Franklin Pierce Highway, LLC. Colliers International represented the sellers, with David Choate and Andrew Ward acting as the seller's representatives. On the buyer's side, Tony Jalbert from Tate & Foss Sotheby’s International served as the buyer's representative.
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
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93