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

Property Image
SOLD
$3,750,000

New Hampshire

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Office45,600 SF
Sold 01/26/2022
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Property Image
SOLD

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

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

See Similar Deals
Office45,600 SF
Sold 01/26/2022
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Summary

NEW HAMPSHIRE
Asset Type:Office
Price Per Square Foot:$82
Total Square Footage:45,600 SF
Transaction Type:Sale

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 "Bob" Rohrer
4 deals$25M volume
BROKER

Andrew Robbins
Colliers
2 deals$4M volume
BROKER

Laura Nesmith
Colliers
3 deals$17.6M volume
BROKER

BUYER

Details

SOLD
IMAGE: Andrew Robbins, Laura Nesmith & Bob Rohrer DATE: 12/09/2021 ADDRESS: 7 Henry Clay Dr MARKET: Merrimack, NH ASSET TYPE: Office BUYER: Whiting Building, LLC SELLER: Adamian Construction & Development Corporation BROKER: Andrew Robbins (@AndrewRobbins_1), Laura Nesmith & Bob Rohrer - Colliers (@ColliersInternational) SALE PRICE: $3,750,000 SF: 45,600 ~ PPSF: $82

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Deal Type
Operating Income
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,322.96
Cash-on-Cash Return-1.27%
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