Lincoln Capital Acquires Office Building At 351 Chestnut Street In Manchester, NH For $3.7M
351 Chestnut Street
$3,687,500
$97/SF
Building Size
38,000 SF
Asset Type
Office
Closing
Dec 22, 2023
AI
The sale of a multi-tenant building at 351 Chestnut Street in Manchester, NH was recently facilitated by Stebbins Commercial Properties' President, Mike Reed. The property, comprising 38,000 square feet, was sold for $3,687,500. The transaction was completed between 351 Chestnut Street LLC in Candia, NH and Lincoln Capital, based in Santa Monica, CA.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $3,687,500
- Address: 351 Chestnut Street, Manchester, NH
- Square Footage: 38,000
- Price Per Square Foot: $97
- Market: Manchester, NH
Michael Reed of Stebbins Commercial Properties LLC represented the buyer, Lincoln Capital, in this transaction.
Note: None.Manchester Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.30%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93