Stefan Frey Of Commonwealth Commercial Advisors Represents Buyer In Retail Sale For $2.6M In Tilton NH
18 Lowes Drive
$2,600,000
$426/SF
Building Size
6,098 SF
Asset Type
Retail
Closing
Sep 30, 2024
AI
The property asset involved in this transaction is a retail space located at 18 Lowes Drive in Tilton, NH. It encompasses a total square footage of 6,098 and was sold for a transaction amount of $2,600,000, equating to a price per square foot of $426.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,600,000
- Address: 18 Lowes Drive
- Market: Tilton, NH
- Square Footage: 6,098
- Price Per Square Foot: $426
- Buyer's Representative: Stefan Frey - Commonwealth Commercial Advisors
- Seller's Representatives: Glen Kunofsky, Josh Kanter, Anthony D'Ambrosia & Kevin Burke - NNN Pro Group
NNN Pro represented the seller in this transaction alongside their broker of record, Bang Realty-New England, Inc, which was involved in the sale of Frontera Tacos & Tequila located in Tilton, NH.
Players
Northfield 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
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93