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5-7 Congress St, Nashua, NH...

7 Congress, LLC Acquires Office Building On 5-7 Congress St, Nashua For $1.1M
SOLDOffice

7 Congress, LLC Acquires Office Building On 5-7 Congress St, Nashua For $1.1M

5-7 Congress St, Nashua, NH, USA

$1,100,000

$114/SF

Building Size

9,600 SF

Asset Type

Office

Closing

Jun 11, 2020

AI

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.

Players

Mark Prolman

Prolman Realty

Broker

$31.9M

vol

3 deals

Broker

Nashua 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

14.42%

Cash-on-Cash

-4.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93