Colchester, VT Mike Provost and Steve Donahue of Donahue & Associates LLC completed the sale of 302 Mountain View Dr., a 24,192 s/f commercial office building, for $3.7 million.
The sellers were represented by Donahue and the buyers were represented by Provost.
This 3-story building, on 3.45 acres with 98 parking spaces, is located in The Park at Water Tower Hill, one of Chittenden County’s premier office parks with views of the Green Mountains, Lake Champlain and the Adirondack Mountains. The property is located off I-89 at Exit 16, with access to hotels, restaurants, Burlington International Airport and downtown Burlington. Current occupancy includes a mix of financial, insurance, and medical/health tenants.
Donahue & Associates, founded in 2006, is a commercial real estate brokerage company in Burlington, VT.
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.