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
Merrimack 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
4.23%
Cash-on-Cash
-1.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93