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68 Fort Eddy Rd, Concord, N...

Torrington Properties Acquires Retail Property In Concord, NH For $30M
SOLDRetail

Torrington Properties Acquires Retail Property In Concord, NH For $30M

68 Fort Eddy Rd, Concord, New Hampshire 03301, United States

$30,000,000

Building Size

Asset Type

Retail

Closing

Dec 21, 2022

AI

Torrington Properties, represented by Matt Morgan, has completed the purchase of a retail property located at 68 Fort Eddy Rd in Concord, NH. The property was sold by Miami Properties LLC and the transaction was facilitated by Michael Hotarek of Eastern Retail Properties. The sale price for this transaction was $30,000,000.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: $30,000,000
  • Address: 68 Fort Eddy Rd, Concord, NH
  • Market: Concord, NH

The acquisition of this retail property marks a significant investment for Torrington Properties. With the guidance of Matt Morgan, representing Torrington Properties, the sale was successfully completed. Miami Properties LLC acted as the seller in this transaction, while Eastern Retail Properties represented Torrington Properties as their broker.

Players

Matt Morgan

Torrington Properties

Buyer

$35.4M

vol

3 deals

Buyer
ML
Miami Fl Properties LLCSeller

Concord 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

0.53%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93