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546 Amherst Street, Nashua,...

Buckley-Amherst, LLC Acquires Retail Property In Nashua, NH For $1.8M
SOLDRetail

Buckley-Amherst, LLC Acquires Retail Property In Nashua, NH For $1.8M

546 Amherst Street, Nashua, New Hampshire 03063, United States

$1,825,000

$107/SF

Building Size

17,000 SF

Asset Type

Retail

Closing

Mar 3, 2022

AI

546 Amherst Street in Nashua, NH is a highly visible 3.2 +/- acre retail property that was recently sold for $1,825,000. The property is improved with a 17,000 +/- SF building and 140 +/- parking spaces. It is located in the middle of a growing retail corridor, making it an attractive option for redevelopment and renovation. The buyer, Buckley-Amherst, LLC, recently obtained permits to use the site for a restaurant.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: $1,825,000
  • Square Footage: 17,000 SF
  • Address: 546 Amherst St, Nashua, NH
  • Market: Nashua, NH

The seller, Weston Associates Development Company, Inc, sold the property to Buckley-Amherst, LLC. Representing the seller in the transaction were Chris McMahon and Travis Ginsberg of Summit Realty Partners Inc. They conducted a widely distributed marketing campaign to advertise the property for sale, resulting in a successful transaction.

Players

Chris McMahon

Summit Realty Partners

Broker

$45M

vol

9 deals

Broker

Nashua 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

8.69%

Cash-on-Cash

-2.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93