Northeast Private Client Group Acquires Retail Property In Salem, NH For $4.8M
SOLD
$4,800,000
New Hampshire
See Similar DealsRetail28,000 SF
Sold 03/25/2022
SOLD
Northeast Private Client Group Acquires Retail Property In Salem, NH For $4.8M
379 South Broadway, Salem, New Hampshire 03079, United States
See Similar DealsRetail28,000 SF
Sold 03/25/2022
Summary
NEW HAMPSHIRE
Asset Type:Retail
Price Per Square Foot:$171
Total Square Footage:28,000 SF
Transaction Type:Sale
A retail property located at 379 S Broadway in Salem, NH was recently sold for $4,800,000. The property spans 28,000 square feet, resulting in a price per square foot of $171. The transaction took place on 03/25/2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,800,000
- Address: 379 S Broadway, Salem, NH
- Square Footage: 28,000
- Price per Square Foot: $171
- Seller: Nettles Limited Partnership
- Seller's Representative: Hugo Overdeput - Colliers
- Buyer's Representative: James Casey - Northeast Private Client Group
Hugo Overdeput from Colliers represented the seller, Nettles Limited Partnership, in this transaction. On the other hand, James Casey from Northeast Private Client Group acted as the buyer's representative. These key individuals played crucial roles in the successful completion of the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$256,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,053.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,754.45
Annual Debt Service$273,053.39
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