7 Congress, LLC Acquires Office Building On 5-7 Congress St, Nashua For $1.1M
SOLD
$1,100,000
New Hampshire
See Similar DealsOffice9,600 SF
Sold 06/11/2020
SOLD
7 Congress, LLC Acquires Office Building On 5-7 Congress St, Nashua For $1.1M
5-7 Congress St, Nashua, NH, USA
See Similar DealsOffice9,600 SF
Sold 06/11/2020
Summary
NEW HAMPSHIRE
Asset Type:Office
Price Per Square Foot:$114
Total Square Footage:9,600 SF
Transaction Type:Sale
The property asset involved in this transaction is located at 5-7 Congress St, Nashua, NH. It is an office-type asset encompassing 9,600 square feet and was sold for $1,100,000, resulting in a price per square foot of $115.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,100,000
- Square Footage: 9,600
- Price Per Square Foot: $115
- Seller: Acorn Family Realty, LLC
- Buyer: 7 Congress, LLC
- Brokers: Mark Prolman - Prolman Realty, Inc.
- Transaction Date: 06/11/2021
This transaction features broker representation from Mark Prolman of Prolman Realty, Inc., acting on behalf of the seller, Acorn Family Realty, LLC, and the buyer, 7 Congress, LLC. The deal highlights the involvement of both parties in the sale of the office property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
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