Updated Oct 29, 2024
Torrington Properties Acquires Retail Property In Concord, NH For $30M
73 Fort Eddy Rd, Concord, New Hampshire 03301, United States
$30,000,000
$171,428/SF
Building Size
175 SF
Asset Type
Retail
Closing
Apr 1, 2023
About this deal
AI
The retail property located at 73 Fort Eddy Rd in Concord, NH has been sold for $30,000,000. The property spans an area of 175,000 square feet, resulting in a price per square foot of $171.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $30,000,000
- Address: 73 Fort Eddy Rd, Concord, NH
- Market: Concord, NH
- Buyer: Torrington Properties
- Seller: Eddy Plaza Associates LLC
- Broker: Eastern Retail Properties
Torrington Properties has acquired the retail property at 73 Fort Eddy Rd from Eddy Plaza Associates LLC. The deal was facilitated by Eastern Retail Properties, acting as the broker for both the buyer and the seller.
On the Map
$30,000,000
$171,428/SF
Retail
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Players
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