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
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