Torrington Properties Acquires Retail Property In Concord, NH For $30M
SOLD
$30,000,000
New Hampshire
See Similar DealsRetail175 SF
Sold 04/01/2023
SOLD
Torrington Properties Acquires Retail Property In Concord, NH For $30M
73 Fort Eddy Rd, Concord, New Hampshire 03301, United States
See Similar DealsRetail175 SF
Sold 04/01/2023
Summary
NEW HAMPSHIRE
Asset Type:Retail
Price Per Square Foot:$171,428
Total Square Footage:175 SF
Transaction Type:Sale
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.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,600,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$106,583.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$142,215.31
Annual Debt Service$1,706,583.66
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