Torrington Properties Acquires Mall At Fox Run In Newington, NH For $17.5M
50 Fox Run Road Newington, New Hampshire 03801, USA
$17,500,000
$29/SF
Building Size
600,000 SF
Asset Type
Retail
Closing
Aug 2, 2023
AI
A Boston-based developer, Torrington Properties, has acquired the Mall at Fox Run, a 600,000-square-foot retail shopping center located at 50 Fox Run Road in Newington, N.H. The property was purchased from Morgan Stanley for a sale price of $17.5 million, resulting in a price per square foot of $29.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $17,500,000
- Buyer: Torrington Properties - Jay Bisognano
- Seller: Morgan Stanley
- Address: 50 Fox Run Road
- Market: Newington, NH
- Square Footage: 600,000
- Price per Square Foot: $29
Torrington Properties, represented by Jay Bisognano, successfully completed the acquisition of the Mall at Fox Run. The purchase marks an expansion of Torrington Properties' retail portfolio and represents a significant investment in the Newington, NH market.
Players
Newington 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
0.91%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93