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205 Market Street, Portsmou...

409 Franklin Pierce Highway, LLC Acquires Mixed-use Property In Portsmouth, NH For $3.7M
SOLDMixed-use

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

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

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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