News: Northern New England
Posted: June 7, 2024
Daniels and Blais of BHHS Verani sell 11-building portfolio for $7.25 million
Concord, NH Berkshire Hathaway HomeServices Verani Realty’s commercial division brokered the sale of 91 units in Concord, Manchester, Wake?eld and North Conway, for $7.25 million on March 12th. The portfolio of properties was sold by Spofford Enterprises to Smolin Capital Management, LLC.
The 11-building portfolio consists of seven properties in Manchester; two properties in Concord; one property in Wake?eld; and one property in North Conway. Buildings in the portfolio range from a three-unit multifamily to a 35-room motel.
“Together, Joan and I navigated this complicated sale and ultimately achieved a mutually bene?cial outcome for all parties involved.” said Brian Daniels, who represented the seller.
Joan Blais, who represented the buyer, said “Persistence and perseverance were the keys to our successful real estate transaction! It was a pleasure working with knowledgeable, quali?ed buyers, and with Brian, my professional co-broker.”
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