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.
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