Laine Chase Secures $1,150,000 Loan For Retail Property At 145 Portsmouth Avenue In Stratham, NH
145 Portsmouth Avenue
$1,150,000
$63/SF
Building Size
18,000 SF
Asset Type
Retail
Closing
Jun 3, 2026
AI
The property asset involved in this transaction is a retail space located at 145 Portsmouth Avenue in Stratham, NH, covering a square footage of 18,000. The acquisition loan for this property amounts to $1,150,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,150,000
- Lender: Sean Kelly-Rand - RD Advisors
- Landlord: Laine Chase
- Loan Type: Acquisition
- Market: Stratham, NH
This transaction involves Sean Kelly-Rand representing RD Advisors as the lender, providing the acquisition financing. Laine Chase is noted as the landlord in this deal, highlighting the key roles of the individuals and entities involved in facilitating the transaction.
Players
Stratham Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93