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1549 White Mountain Road

Horvath & Tremblay Sell Retail Plaza In North Conway For $3.8 Million
SOLDRetail

Horvath & Tremblay Sell Retail Plaza In North Conway For $3.8 Million

1549 White Mountain Road

$3,800,000

$613/SF

Building Size

6,197 SF

Asset Type

Retail

Closing

Jan 27, 2025

AI

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.

Players

Robert Horvath

Horvath & Tremblay

Broker

$564M

vol

114 deals

Broker

North Conway Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.17%

Cash-on-Cash

-1.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93