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362 North Broadway, Salem, ...

Marcus & Millichap Sells Retail Property In Salem, NH For $8.9M
SOLDRetail

Marcus & Millichap Sells Retail Property In Salem, NH For $8.9M

362 North Broadway, Salem, NH, USA

$8,900,000

$3,292/SF

Building Size

2,703 SF

Asset Type

Retail

Closing

May 28, 2020

AI

The retail property located at 362 N Broadway in Salem, NH was recently sold in a transaction. The property spans approximately 2,703 square feet and is situated in the Salem market. The sale price for this retail asset was $8,900,000, resulting in a price per square foot of $3,293.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $8,900,000
  • Address: 362 N Broadway, Salem, NH
  • Market: Salem, NH

The deal was facilitated by the team consisting of Adam Cohen, Brett Kilar, and James Koury from Marcus & Millichap. They represented the parties involved in the transaction.

Players

Adam Cohen

Marcus & Millichap

Broker

$47.1M

vol

10 deals

Broker

Salem 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

1.78%

Cash-on-Cash

-0.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93