Updated Oct 29, 2024
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
About this deal
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
Durham Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Browse New Hampshire retail sales on Traded.
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