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1 Granite Pl, Concord, NH, USA

Brady Sullivan Properties Acquires Office Building In Concord, NH For $3.4M
SOLDOffice

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

Arthur Sullivan

Brady Sullivan Properties

Buyer

$18.4M

vol

2 deals

Buyer

Dennis Glass

Seller

$18.6M

vol

2 deals

Seller
Lincoln Financial Group
Lincoln Financial GroupLender

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