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St. Elizabeth Seton School Sells In Rochester, NH For $1.7M
SOLD
$1,700,000
New Hampshire
See Similar DealsSchool3,100 SF
Sold 07/05/2024
SOLD
St. Elizabeth Seton School Sells In Rochester, NH For $1.7M
16 Bridge Street
See Similar DealsSchool3,100 SF
Sold 07/05/2024
Summary
NEW HAMPSHIRE
Asset Type:School
Price Per Square Foot:$548
Total Square Footage:3,100 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$90,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,039.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,058.87
Annual Debt Service$96,706.41
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