409 Franklin Pierce Highway, LLC Acquires Mixed-use Property In Portsmouth, NH For $3.7M
SOLD
$3,700,000
New Hampshire
See Similar DealsMixed-use8,262 SF
Sold 03/05/2021
SOLD
409 Franklin Pierce Highway, LLC Acquires Mixed-use Property In Portsmouth, NH For $3.7M
205 Market Street, Portsmouth, NH, USA
See Similar DealsMixed-use8,262 SF
Sold 03/05/2021
Summary
NEW HAMPSHIRE
Asset Type:Mixed-use
Price Per Square Foot:$447
Total Square Footage:8,262 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$197,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,145.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,539.89
Annual Debt Service$210,478.65
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