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Premium Capital Resources acquired Peterborough’s only true office and industrial park, conveniently located with easy access to Manchester, Nashua, Massachusetts, Vermont, and beyond. The property is comprised of 2 buildings located at 9 and 49 Vose Farm Road, with a total size of more than 272,000 SF. In addition, the site includes a 62-acre site for development opportunities. With easy access to Keene, Concord, Manchester, Boston, and all points beyond, this is an ideal location for a growing business that requires access to a quality labor force and affordable real estate. Premium was able to secure this deal at a 9% Cap and the business plan is to take an interest-only loan to purchase the property and then cash-out refinance almost the entire equity within 12-15 months. Once the equity is cashed out we project to continue to distribute an 11%+ cash-on-cash return on the original equity balance.
