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7 Mill Rd Durham, NH 03824,...

Torrington Properties Acquires Mill Road Plaza Retail Center In Durham, NH For $8.8M
SOLDRetail

Torrington Properties Acquires Mill Road Plaza Retail Center In Durham, NH For $8.8M

7 Mill Rd Durham, NH 03824, USA

$8,800,000

Building Size

Asset Type

Retail

Closing

Jul 7, 2023

AI

Torrington Properties has acquired Mill Road Plaza, a 53,280-square-foot shopping center in Durham, NH, for $8.8 million. The center is anchored by Hannaford and features various other tenants, including Allegiant Physical Therapy, Appledore Family Medicine & Pediatrics, Domino's Pizza, and Rite Aid.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $8,800,000
  • Address: 7 Mill Road
  • Market: Durham, NH
  • Acres: 10

The transaction was facilitated by brokers David Choate and Abigail Bachman from Colliers, representing Torrington Properties in the deal. The seller, Colonial Durham Associate, was also represented by the same brokers.

Players

David Choate

Colliers

Broker

$23.1M

vol

5 deals

Broker
Torrington Properties
Torrington PropertiesBuyer

Durham 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

1.80%

Cash-on-Cash

-0.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93