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
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