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30 Harvey Road

Updated Dec 4, 2024

Marcus & Millichap Sells 3.17 Acre Retail Property In Bedford, NH For $2.3M
SOLDRetail

Marcus & Millichap Sells 3.17 Acre Retail Property In Bedford, NH For $2.3M

30 Harvey Road

$2,275,000

Building Size

Asset Type

Retail

Closing

Nov 20, 2023

About this deal

AI

Marcus & Millichap has announced the sale of a retail property located at 30 Harvey Road in Bedford, New Hampshire. The property, which sits on a 3.17-acre lot, was sold for a price of $2,275,000.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: $2,275,000
  • Address: 30 Harvey Road, Bedford, NH
  • Market: Bedford, NH
  • Lot Size: 3.17 acres

The sale garnered significant interest from both local New Hampshire buyers and those based in Boston, according to Harrison Klein, the first vice president of investments at Marcus & Millichap. This highlights the appeal of Southern New Hampshire as a robust market.

Note: Marcus & Millichap facilitated the transaction with brokers Ben Scherman, Harrison Klein, and Luigi Lessa.

Players

Harrison Klein

Marcus & Millichap

Broker

$177.2M

vol

47 deals

Broker

Bedford Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.97%

Cash-on-Cash

-1.99%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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