Updated Oct 28, 2024
Carrier Place, LLC Acquires Retail Property In Concord, NH For $8M
265 Loudon Road
$8,000,000
$296/SF
Building Size
27,000 SF
Asset Type
Retail
Closing
Jun 11, 2020
About this deal
AI
Two retail properties located at 265 & 273 Loudon Road in Concord, NH have been sold for a total price of $8,000,000. The transaction took place on June 11, 2021. The properties have a combined total square footage of 27,165 and are situated on a 4.6-acre plot of land. The price per square foot of these retail assets comes out to be $294, while the price per acre is approximately $1,739,130.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,000,000
- Address: 265 & 273 Loudon Road, Concord, NH
- Market: Concord, NH
The buyer of the retail properties is Carrier Place, LLC, represented by Patrick O’Connell and Christian Poyant. The transaction was facilitated by brokers Aaron Huntley and Bob Horvath of Horvath & Tremblay.
Players
Concord 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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93