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Horvath & Tremblay Sell Retail Plaza In North Conway For $3.8 Million
SOLD
$3,800,000
New Hampshire
See Similar DealsRetail6,197 SF
Sold 01/27/2025
SOLD
Horvath & Tremblay Sell Retail Plaza In North Conway For $3.8 Million
1549 White Mountain Road
See Similar DealsRetail6,197 SF
Sold 01/27/2025
Summary
NEW HAMPSHIRE
Asset Type:Retail
Price Per Square Foot:$613
Total Square Footage:6,197 SF
Transaction Type:Sale
The property asset involved in the transaction is located at 1549 White Mountain Road, North Conway, NH. This retail asset spans 1.61 acres with a total square footage of 6,197. The sale price for this property was $3,800,000, equating to a price per square foot of $613.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,800,000
- Sale Date: 01/27/2025
- Market: North Conway, NH
- Square Footage: 6,197
- Price Per Square Foot: $613
The transaction was facilitated by brokers Jason Prescott Woods, Robert Horvath, and Todd Tremblay from Horvath & Tremblay. The deal involved a two-tenant plaza that was built in 2021, featuring long-term leases with rent escalations, which enhances its appeal as a passive investment opportunity.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$202,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,500.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,013.94
Annual Debt Service$216,167.26
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