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379 South Broadway, Salem, ...

Northeast Private Client Group Acquires Retail Property In Salem, NH For $4.8M
SOLDRetail

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

Jim Casey

NorthEast Private Client Group

Broker

$54.1M

vol

9 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

3.30%

Cash-on-Cash

-0.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93