Updated Feb 21, 2026
Prime Equipment Acquires Industrial Property In Hillsborough For $3.2 Million With Todd Gannet As The Broker
1106 Millstone River Road
$3,200,000
$400/SF
Building Size
8,000 SF
Asset Type
Industrial
Closing
Feb 19, 2026
About this deal
AI
An industrial property consisting of an 8,000-square-foot building situated on six acres of land at 1106-1112 Millstone River Road in Hillsborough has been sold for $3.2 million. This transaction was completed at a price per square foot of $400.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,200,000
- Address: 1106-1112 Millstone River Road
- Market: Hillsborough
- Acres: 6
- Square Footage: 8,000
- Price Per Square Foot: $400
- Buyer: Prime Equipment
- Broker: Todd Gannet - The Boniakowski Commercial Real Estate Group
Todd Gannet of The Boniakowski Commercial Real Estate Group represented both Prime Equipment and the other party in this transaction, which closed above the asking price to facilitate the expansion of Prime Equipment's operations.
Hillsborough Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93