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470 Pine Street

Mike Mita Acquires Office Property At 470 Pine Street From Tom DeBlois For $3.9M
SOLDOffice

Mike Mita Acquires Office Property At 470 Pine Street From Tom DeBlois For $3.9M

470 Pine Street

$3,900,000

$69/SF

Building Size

56,000 SF

Asset Type

Office

Closing

Jul 8, 2026

AI

The property involved in this transaction is an office asset located at 470 Pine Street in Manchester, NH. It was sold for $3,900,000, encompassing a total area of 56,000 square feet, resulting in a price per square foot of $69.

Summary of transation details:

Key individuals involved in the transaction include buyer Mike Mita and seller Tom DeBlois, who engaged the services of brokers Luigi Lessa and Mattias Edenkrans from Marcus & Millichap to facilitate the deal.

Players

Luigi Lessa

Marcus & Millichap

Broker

$98.3M

vol

28 deals

Broker

Manchester 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

4.07%

Cash-on-Cash

-1.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93