Northeast Private Client Group Acquires Retail Property In Salem, NH For $4.8M
379 South Broadway, Salem, New Hampshire 03079, United States
$4,800,000
$171/SF
Building Size
28,000 SF
Asset Type
Retail
Closing
Mar 24, 2022
AI
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.
Players
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
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93