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
Salem Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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