Updated Dec 4, 2024
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
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