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:
- Property Type: Office
- Transaction Amount: $3,900,000
- Buyer: Mike Mita
- Seller: Tom DeBlois
- Brokers: Luigi Lessa & Mattias Edenkrans - Marcus & Millichap
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
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