Marcus & Millichap Sells Retail Property In Salem, NH For $8.9M
SOLD
$8,900,000
New Hampshire
See Similar DealsRetail2,703 SF
Sold 05/28/2020
SOLD
Marcus & Millichap Sells Retail Property In Salem, NH For $8.9M
362 North Broadway, Salem, NH, USA
See Similar DealsRetail2,703 SF
Sold 05/28/2020
Summary
NEW HAMPSHIRE
Asset Type:Retail
Price Per Square Foot:$3,292
Total Square Footage:2,703 SF
Transaction Type:Sale
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
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$474,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$31,619.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$42,190.54
Annual Debt Service$506,286.49
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