Updated Sep 5, 2024
NNN Pro Group - Marcus & Millichap Sells Retail Property In Somersworth, NH For $4.3M
40 High Street, Somersworth, New Hampshire 03878, United States
$4,325,000
$745/SF
Building Size
5,800 SF
Asset Type
Retail
Closing
Jun 29, 2020
About this deal
AI
The retail property located at 442 High Street in Somersworth, NH has been sold for a price of $4,325,000. The transaction took place on June 29, 2021. The property spans a total area of 5,800 square feet, resulting in a price per square foot of $746.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,325,000
- Address: 442 High Street
- Market: Somersworth, NH
- BROKERS: Glen Kunofsky, Josh Kanter, & Anthony D'Ambrosia - NNN Pro Group - Marcus & Millichap
Glen Kunofsky, Anthony D'Ambrosia, and Josh Kanter from NNN Pro Group - Marcus & Millichap represented the parties involved in this transaction. They played a crucial role in facilitating the sale of the property.
Players
Somersworth 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
3.67%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93