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Jay Bisognano Of Torrington Properties Acquires Retail Center In Rochester NH For $51.3M
SOLD
$51,300,000
New Hampshire
See Similar DealsRetail300,000 SF
Sold 12/09/2025
SOLD
Jay Bisognano Of Torrington Properties Acquires Retail Center In Rochester NH For $51.3M
92 Farmington Road
See Similar DealsRetail300,000 SF
Sold 12/09/2025
Summary
NEW HAMPSHIRE
Asset Type:Retail
Price Per Square Foot:$171
Total Square Footage:300,000 SF
Transaction Type:Sale
The transaction involved a retail asset located at 92 Farmington Road in Rochester, NH. The property encompasses 300,000 square feet and was sold for $51,300,000, reflecting a price per square foot of $171. The retail center features over 30 national and regional tenants.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $51,300,000
- Buyer: Jay Bisognano - Torrington Properties
- Seller: Anton Melchionda - Waterstone Properties Group
- Lender: Rockland Trust & Goedecke & Co. & LLC
Torrington Properties acquired the retail center known as The Ridge from Waterstone Properties Group. The financing for the acquisition was supported by loans from Rockland Trust and Goedecke & Co.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,736,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$182,258.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$243,188.17
Annual Debt Service$2,918,258.06
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