Updated Dec 4, 2024
HBC, LLC Acquires Hilltop Business Center In Londonderry For $3.6M
136 Harvey Road
$3,600,000
$90/SF
Building Size
40,000 SF
Asset Type
Office
Closing
Apr 16, 2024
About this deal
AI
The Hilltop Business Center at 136 Harvey Rd in Londonderry, NH, spanning 3.5 acres, was acquired for $3.6 million on April 16, 2024. The property, owned by Woodhaven Limited Partnership, consists of two buildings totaling 40,000 sq ft.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $3,600,000
- Address: 136 Harvey Road
- Market: Londonderry, NH
- Square Footage: 40,000
- Price per Square Foot: $90
- Buyer: HBC, LLC
- Seller: Woodhaven Limited Partnership
- Broker: Tom Duffy - Berkshire Hathaway HomeServices Verani Realty
Berkshire Hathaway HomeServices Verani Realty played a pivotal role in facilitating the sale of Hilltop Business Center. The transaction occurred between Woodhaven Limited Partnership and HBC, LLC, marking a significant exchange of ownership of this 40,000 sq ft asset.
Londonderry 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
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93