News: Northern New England
Posted: October 3, 2013
Fleisher of NAI Norwood Group represents buyer in 1031 Tax Deferred Exchange
Andy Fleisher, CCIM, of NAI Norwood Group, represented the buyer in the sale of investment real estate, as part of a 1031 Tax Deferred Exchange. Bradley Vear, CCIM, SIOR, of Vear Commercial Properties, Inc. represented the seller, 125 Dublin Road, LLC, of East Moriches, N.Y. John Bosen, attorney for Bosen & Associates, P.L.L.C., of Portsmouth, N.H., assisted the buyer with this 1031 Exchange.
The sale was for a ground lease to a CVS Pharmacy, located at 125 Dublin Rd., adjacent to a Shaw's Grocery Store. This location at Dublin Rd. is also known as the Peterborough Bypass, and N.H. State Rte. 101. The sale price was $2.985 million. The property was built in 2008, and consists of 1.97 acres of land improved with a 13,167 s/f drugstore, with prescription drive-thru.
Fleisher, CCIM, is an investment real estate specialist with NAI Norwood Group, with offices in Portsmouth and Bedford, N.H. Also assisting in the sale was Michael Yuras, CCIM, of Cornish & Carey Commercial Newmark Knight Frank, based in San Mateo, Calif.
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