Updated Oct 29, 2024
Colliers International Leases 6,870 SF Office Space In Salem To Optima Dermatology & Medical Aesthetics
31 Stiles Road Salem, New Hampshire 03079, USA
Building Size
6,870 SF
Asset Type
Office
Closing
Jul 14, 2023
About this deal
AI
Colliers International has successfully leased 6,870 square feet of office space at 31 Stiles Road in Salem, NH. The property, located in the Salem market, is now occupied by Optima Dermatology & Medical Aesthetics.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Address: 31 Stiles Road
- Market: Salem, NH
- Square Footage: 6,870
This lease deal was negotiated by the brokers representing both parties involved. Hugo Overdeput and Andrew Robbins from Colliers International's Manchester office acted as the landlord's representatives. On the other hand, Sean McQuaid represented Optima Dermatology & Medical Aesthetics as their tenant's representative from Eastern Retail Properties, Inc.
Note: The successful deal was facilitated by Hugo Overdeput and Andrew Robbins from Colliers International, representing the landlord, and Sean McQuaid from Eastern Retail Properties, Inc, representing the tenant.
Players
Salem Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93