Sited on the banks of the Salmon Falls River sits the historic Salmon Falls Mills, originally built in 1865 and 1848. Offering buyers a chance to own a piece of history, these two mill buildings come with an interesting and unique past including being used for manufacturing products used by soldiers in the Civil War, wool manufacturing, and shoe manufacturing. The mill buildings are currently home to over 200 spaces with over 180 small business tenants specializing in a variety of enterprises including art studios, photographers’ studios, dance studios, health and wellness businesses, manufacturing facilities, bakers, woodworkers and much more. A pillar of the community around which the town was originally constructed back in the 1800’s, the mill buildings have been consistently maintained and regularly updated with modern amenities including high-speed internet, energy-efficient lighting, new interior heating units, Fire Code compliant sprinkler, new electrical systems, plumbing, masonry repointing, new windows, fire escapes and much more. The buildings offer tenants three separate loading docks, two freight service elevators, a passenger elevator in the Lower Mill, over 300 individual parking spaces, flexible lease terms and over 200, 000 total square feet between both Mills. The Mills also have an ideal location with easy access to both Portsmouth, NH, the Portsmouth International Airport & The Downeaster. Explore all the possibilities that exist for this unique property.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $13,520,000 | $13,520,000 | $13,520,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | $5,968 | $5,968 | $5,968 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $76,765 | $84,347 | $113,178 |
Total Monthly Payment | $82,858 | $90,440 | $119,271 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.