Updated Oct 28, 2024
Sarnia Seacoast, LLC Acquires Office In Concord, NH For $10.5M
6 Loudon Road, Concord, New Hampshire 03301, United States
$10,500,000
$160/SF
Building Size
65,520 SF
Asset Type
Office
Closing
Oct 6, 2022
About this deal
AI
Sarnia Seacoast, LLC has acquired an office property located at 6 Loudon Rd, Concord, NH. The property, spanning 65,520 square feet, was sold by JP Irving, LLC for a total transaction amount of $10,500,000. The price per square foot for this sale was calculated to be $160.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $10,500,000
- Address: 6 Loudon Rd, Concord, NH
- Market: Concord, NH
- Buyer: Sarnia Seacoast, LLC
- Seller: JP Irving, LLC
- Broker: Ethan Cole - North Atlantic Commercial Real Estate Investments, LLC
- Square Footage: 65,520
- Price per Square Foot: $160
Ethan Cole from North Atlantic Commercial Real Estate Investments, LLC represented the buyer, Sarnia Seacoast, LLC, in this transaction.
Players
Concord 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
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93