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Horvath & Tremblay Represents Sale Of 51,048 SF Retail Center In Manchester NH For $11.67M
SOLD
$11,669,056
+ 1
New Hampshire
See Similar DealsRetail102,096 SF
Sold 12/06/2024
SOLD
Horvath & Tremblay Represents Sale Of 51,048 SF Retail Center In Manchester NH For $11.67M
535 Hooksett Road & 555 Hooksett Road
See Similar DealsRetail102,096 SF
Sold 12/06/2024
+ 1
Summary
NEW HAMPSHIRE
Asset Type:Retail
Price Per Square Foot:$114
Total Square Footage:102,096 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$622,349.65
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$41,457.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$55,317.28
Annual Debt Service$663,807.34
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