1B Commons Drive - Londonderry, NH
Londonderry, NH Tinkham Realty completed the following transactions:
• Simken Properties, LLC of Londonderry, has purchased a 1,536 s/f office condo, at Londonderry Commons, 1B Commons Dr., Unit 6. The sale price according to the Registry of Deeds was $140,000. Jerry Hersch of the commercial division represented the seller, Laura L. Burke 2000 RT and assisted the buyer.
• Clarity Counseling Associates, 50 Nashua Rd., Londonderry has leased a 1,536 s/f office condo at 1D Commons Dr., Unit 23. Hersch represented the lessor Lot-11-700 LLC, and assisted the lessee in the lease negotiations.
• Mullen Insurance Agency, Inc. of St. Albans, Vt. has leased a 1,536 s/f office condo at 1D Commons Dr., Unit 19. Hersch represented the lessor Lot-11-700 LLC, and assisted the lessee in the lease negotiations.
• Derry Chiropractic Center of Derry, N.H. has leased a 1,627 s/f office condo at 1F Commons Dr., Unit 37. Hersch represented the lessor New Harbor Properties, Inc., and assisted the lessee in the lease negotiations.
• Apple Tree Orthodontics, P.A. has relocated to a 2,335 s/f office condo at 1F commons Dr., Unit 36. Hersch represented the lessor Lot-11-700 LLC, and assisted the lessee in the lease negotiations.
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.