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7 Henry Clay Drive, Merrima...

Whiting Building, LLC Acquires Office Property In Merrimack, NH For $3.75M
SOLDOffice

Whiting Building, LLC Acquires Office Property In Merrimack, NH For $3.75M

7 Henry Clay Drive, Merrimack, New Hampshire 03054, United States

$3,750,000

$82/SF

Building Size

45,600 SF

Asset Type

Office

Closing

Jan 25, 2022

AI

The office property located at 7 Henry Clay Dr in Merrimack, NH has been sold for a total price of $3,750,000. The transaction took place on 12/09/2021 and involved an asset type of office. The property spans across 45,600 square feet, resulting in a price per square foot of $82. The buyer of the property was Whiting Building, LLC, while the seller was Adamian Construction & Development Corporation.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $3,750,000
  • Address: 7 Henry Clay Dr, Merrimack, NH
  • Market: Merrimack, NH
  • Buyer: Whiting Building, LLC
  • Seller: Adamian Construction & Development Corporation
  • Broker: Andrew Robbins, Laura Nesmith, & Bob Rohrer - Colliers
  • Square Footage: 45,600
  • Price per Square Foot: $82

The deal was facilitated by the Colliers team, consisting of Andrew Robbins, Laura Nesmith, and Bob Rohrer, who represented the buyer and seller in the transaction. They played a significant role in ensuring the successful completion of the deal.

Players

Robert Rohrer

Colliers

Broker

$25M

vol

4 deals

Broker
WL
Whiting Building, LLCBuyer

Merrimack Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.23%

Cash-on-Cash

-1.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93