Brady Sullivan Properties Acquires Office Building In Concord, NH For $3.4M
1 Granite Pl, Concord, NH, USA
$3,400,000
$16/SF
Building Size
210,000 SF
Asset Type
Office
Closing
Jul 1, 2021
AI
Located at 1 Granite Pl n400 in Concord, NH, this property is an office space with a total area of 210,000 square feet. The transaction took place on July 2, 2021, and the property was sold for $3,400,000, resulting in a price per square foot of $16.
Summary of Transaction Details
- Property Type: Office
- Transaction Amount: $3,400,000
- Square Footage: 210,000
- Address: 1 Granite Pl n400, Concord, NH
- Market: Concord, NH
The seller of this property was Lincoln Financial Group, represented by Dennis Glass. On the buyer's side, Brady Sullivan Properties, represented by Arthur Sullivan, acquired the office. The deal highlights the involvement of these key individuals and companies in the transaction.
Players
Concord Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93