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1600 Woodbury Avenue, Ports...

Atlantic Capital Partners Acquires Retail Property In Portsmouth, NH For $40.5M
SOLDRetail

Atlantic Capital Partners Acquires Retail Property In Portsmouth, NH For $40.5M

1600 Woodbury Avenue, Portsmouth, New Hampshire 03801, United States

$40,500,000

$302/SF

Building Size

133,924 SF

Asset Type

Retail

Closing

Jan 5, 2022

AI

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.

Players

Justin Smith

Atlantic Retail

Broker

$627.5M

vol

31 deals

Broker

Portsmouth 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

0.39%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93