Merrimack Village LLC Acquires Merrimack Village Center Retail Property In $16.6M Deal
7 Continental Boulevard
$16,600,000
Building Size
—
Asset Type
Retail
Closing
Jan 19, 2024
AI
Merrimack Village LLC has acquired the Merrimack Village Center, an 82,292-square-foot neighborhood shopping center located at 7 Continental Boulevard in Merrimack, NH. The property was sold by CP Merrimack LLC for a total price of $16.6 million.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $16,600,000
- Address: 7 Continental Boulevard
- Market: Merrimack, NH
The buyer, Merrimack Village LLC, successfully completed the purchase of the Merrimack Village Center through the representation of brokers Alex Quinn and James "Jim" Koury from Marcus & Millichap.
Players
Merrimack 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
0.96%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93