Nashua, NH Berkshire Hathaway Verani Realty completed several commercial real estate transactions throughout the state totaling $2,679,400.
Senior advisor Kathy DeMello of Berkshire Hathaway Verani Realty’s commercial division exclusively represented the seller in their disposition of a 6-unit multifamily investment property located at 43 Orange St. in Nashua. The final sale price was recorded as $549,400.
Senior advisor Dave Lefebvre exclusively represented the seller in their disposition of a retail property located at 56 Middle St. in Portsmouth. The property received multiple offers due to its location. The final sale price was recorded as $1.25 million.
Jay Lee provided exclusive buyer representation in the acquisition of an automobile sales and repair facility located in Chichester. Lee reports an acquisition price of $880,000 for 169 Dover Rd.
The multifamily market in Maine’s major cities presents a diverse range of opportunities for investors. We looked at the potential benefits and unique characteristics of three major submarkets in the state: Portland, Bangor, and Lewiston-Auburn. The information below is based on research done in CoStar and county registries, and focuses on multifamily properties that have four or more units.
As we all know, interest rates have been changing drastically, with movement in both directions, depending on the type and term of financing. The Federal Open Market Committee has taken drastic action in efforts to curb abnormally high inflation, but it hasn’t controlled labor cost growth to the extent that was intended.