Updated Oct 28, 2024
Torrington Properties Inc Acquires Exeter Office Building For $46.9M
100 Domain Drive, Exeter, New Hampshire 03833, United States
$46,900,000
$198/SF
Building Size
236,000 SF
Asset Type
Office
Closing
Jul 26, 2022
About this deal
AI
The property involved in the transaction is an office located at 100 Domain Dr in Exeter, NH. The sale took place on July 27, 2022, with Torrington Properties Inc acquiring the property from Period Realty Trust. The sale price was $46,900,000, and the office space spans approximately 236,000 square feet, resulting in a price per square foot of $199.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $46,900,000
- Square Footage: 236,000
- Price per Square Foot: $199
- Buyer: Torrington Properties Inc
- Seller: Period Realty Trust
Torrington Properties Inc, represented by their broker, was the buyer in this transaction. The seller, Period Realty Trust, was also represented by their broker. The office property, located at 100 Domain Dr in Exeter, NH, offers a significant investment opportunity for Torrington Properties Inc.
Players
Exeter Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93