Kassas Real Estate Development Sells Retail & Office Property In Hooksett, NH For $5M
SOLD
$5,000,000
New Hampshire
See Similar DealsOffice30,000 SF
Sold 08/05/2022
SOLD
Kassas Real Estate Development Sells Retail & Office Property In Hooksett, NH For $5M
1461 Hooksett Road, Hooksett, New Hampshire 03106, United States
See Similar DealsOffice30,000 SF
Sold 08/05/2022
Summary
NEW HAMPSHIRE
Asset Type:Office
Price Per Square Foot:$166
Total Square Footage:30,000 SF
Transaction Type:Sale
The property at 1461 Hooksett Rd, Hooksett, NH, has been sold in a recent transaction. The property is a retail and office space, covering an area of 30,000 square feet. The sale price for this property was $5,000,000, resulting in a price per square foot of $167. The seller in this transaction was Kassas Real Estate Development, Inc.
Summary of transaction details:
- Property Type: Retail & Office
- Transaction Amount: $5,000,000
- Address: 1461 Hooksett Rd, Hooksett, NH
- Market: Hooksett, NH
- Seller: Kassas Real Estate Development, Inc
The buyer in this transaction was represented by Hobart Hare from Horvath & Tremblay, while Hugo Overdeput from Colliers acted as the seller's representative.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$266,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
Annual Debt Service$284,430.61
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