RPT Realty Acquires Retail Property In Newington, NH For $104M
SOLD
$104,000,000
+ 3
New Hampshire
See Similar DealsRetail510,000 SF
Sold 04/29/2022
SOLD
RPT Realty Acquires Retail Property In Newington, NH For $104M
45 Gosling Road, Newington, New Hampshire 03801, United States
See Similar DealsRetail510,000 SF
Sold 04/29/2022
+ 3
Summary
NEW HAMPSHIRE
Asset Type:Retail
Price Per Square Foot:$203
Total Square Footage:510,000 SF
Transaction Type:Sale
Summary of transaction details
- Property Type: Retail
- Sale Price: $104,000,000
- Square Footage: 510,000
The property involved in this transaction is located at 45 Gosling Rd in Newington, NH. It is a retail asset with a sale price of $104,000,000. The property has a total square footage of 510,000. The transaction took place on 04/29/2022 in the Newington market.
RPT Realty, represented by Brian Harper, was the buyer in this deal. JLL's brokers, Dave Monahan, Chris Angelone, Nat Heald, Cameron Pittman, and Zach Nitsche, represented the buyer. They facilitated the transaction between RPT Realty and the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$5,546,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$369,490.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$493,013.06
Annual Debt Service$5,916,156.70
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