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535 Hooksett Road

Horvath & Tremblay Represents Sale Of 51,048 SF Retail Center In Manchester NH For $11.67M
SOLDRetail

Horvath & Tremblay Represents Sale Of 51,048 SF Retail Center In Manchester NH For $11.67M

535 Hooksett Road & 555 Hooksett Road

$11,669,056

$114/SF

Building Size

102,096 SF

Asset Type

Retail

Closing

Dec 6, 2024

AI

The property involved in the transaction is a fully leased retail center located at 535-555 Hooksett Road in Manchester, NH, known as the North End Shops at Livingston Park. The sale price was $11,669,056, and the asset encompasses a total area of 51,048 square feet, resulting in a price per square foot of $229. The center is anchored by Dollar Tree and features net leases with scheduled rent increases, positioned strategically along US Rte. 3 near major highways and residential neighborhoods.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $11,669,056
  • Square Footage: 51,048
  • Price Per Square Foot: $229
  • Address: 535-555 Hooksett Road
  • Market: Manchester, NH

The deal was facilitated by brokers Aaron Huntley, Matthew Nadler, Robert Horvath, and Todd Tremblay, representing Horvath & Tremblay. This team of brokers played a crucial role in completing the transaction of the retail center.

Players

Robert Horvath

Horvath & Tremblay

Broker

$564M

vol

114 deals

Broker

Manchester Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.36%

Cash-on-Cash

-0.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93