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
Manchester 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
1.36%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93