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16 Bridge Street

St. Elizabeth Seton School Sells In Rochester, NH For $1.7M
SOLDSchool

St. Elizabeth Seton School Sells In Rochester, NH For $1.7M

16 Bridge Street

$1,700,000

$548/SF

Building Size

3,100 SF

Asset Type

School

Closing

Jul 5, 2024

AI

The former St. Elizabeth Seton School, located at 16 Bridge Street in Rochester, NH, was sold for $1,700,000. The property spans 3,100 square feet, resulting in a price per square foot of $548.

Summary of transaction details:

  • Property Type: School
  • Transaction Amount: $1,700,000
  • Address: 16 Bridge Street
  • Market: Rochester, NH

Michael Reed from Stebbins Commercial Properties facilitated the sale of the former St. Elizabeth Seton School to the city of Rochester. In addition to this transaction, Stebbins Commercial Properties also brokered a lease agreement for 3,100 square feet at 35 Third St. in Dover to Waypoint.

Players

Michael Reed

Stebbins Commercial Properties

Broker

$11.2M

vol

6 deals

Broker

Rochester School Market Snapshot

Boundary boundary · School · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.33%

Cash-on-Cash

-2.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93