CBRE Represents The DSF Group In $164.6M Sale Of Multifamily Property In Manchester, NH
22a Country Club Drive, Manchester, New Hampshire 03102, United States
$164,600,000
Units
640
Asset Type
MultiFamily
Closing
Aug 11, 2022
AI
The multifamily property located at 22A Country Club Dr in Manchester, NH has been sold in a closed transaction. The property spans over 41 acres and features a total of 640 units. The buyer, an affiliate of The DSF Group, purchased the property through the representation of Biria St. John, Simon Butler, and John McLaughlin from CBRE. The transaction date is recorded as 08/12/2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $164,600,000
- Market: Manchester, NH
- Units: 640
- Price Per Unit: $257,188
- Seller: Affiliate of The DSF Group
The sale of the property was facilitated by the brokers Biria St. John, Simon Butler, and John McLaughlin from CBRE. Their expertise and representation contributed to the successful completion of this transaction. The deal is considered significant within the real estate market of Manchester, NH.
Players
Manchester MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93