Atlantic Capital Partners Acquires Retail Property In Portsmouth, NH For $40.5M
SOLD
$40,500,000
+ 1
New Hampshire
See Similar DealsRetail133,924 SF
Sold 01/06/2022
SOLD
Atlantic Capital Partners Acquires Retail Property In Portsmouth, NH For $40.5M
1600 Woodbury Avenue, Portsmouth, New Hampshire 03801, United States
See Similar DealsRetail133,924 SF
Sold 01/06/2022
+ 1
Summary
NEW HAMPSHIRE
Asset Type:Retail
Price Per Square Foot:$302
Total Square Footage:133,924 SF
Transaction Type:Sale
The retail property located at 1600 Woodbury Ave in Portsmouth, NH has been sold for a price of $40,500,000. The property spans a total area of 133,924 square feet, resulting in a price per square foot of $302.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $40,500,000
- Address: 1600 Woodbury Ave, Portsmouth, NH
- Market: Portsmouth, NH
The sale of this retail property was facilitated by brokers Justin Smith, Scott Black, Sam Koonsey, Molly Lynch, and Ben Starr from Atlantic Capital Partners. They represented the parties involved in the transaction and ensured a successful deal.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,160,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$143,887.95
Cash-on-Cash Return-1.27%
Monthly Debt Service$191,990.66
Annual Debt Service$2,303,887.95
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