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
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