News: Northern New England
Posted: July 6, 2018
Hersch of Tinkham Realty completes sale of Towne Shoppes for $1.65 million
Tinkham Realty, Inc.
271 Derry Road - Litchfield, NH
Windham, NH Tinkham Realty, Inc. completed the sale of Towne Shoppes at 29 Indian Rock Rd. to K. Kara, Inc. of New Jersey.
The property consists of a 7,828 s/f retail strip plaza fully occupied by Aplus Cleaners, State Farm Insurance, Klemms Bakery, Renew Medispa and Bank of America Kiosk.
Jerry Hersch of the commercial division of Tinkham Realty, Inc. represented the seller 21st Century Development Corp. of Windham.
The sale price according to the Rockingham Registry of Deeds was $1.65 million.
In another transaction, Tinkham Realty, Inc. and CP Management, Inc. completed the sale of 271 Derry Rd. in Litchfield to Asset Preservation, Inc.
The completely renovated interior and exterior office building consists of 4,800 s/f with 4 units in two stories, and sits on .44 acre with 16 parking spaces. The buyer purchased the property as an investment and intends to lease.
Hersch represented the seller, SLC Development LLC of Hudson, and Denise Bernard of CP Management, Inc. represented the buyer.
The sale price according to the Hillsborough Registry of Deeds was $525,000.
Tags:
Northern New England
MORE FROM Northern New England
Northern New England
November 2024 NH CIBOR president’s message: 10 tips for commercial real estate investors - by Ethan Ash
While many Realtors will tell you what you need to do in order to sell your residential property at the highest price (clean out the junk, update bathrooms and kitchens, paint, etc.) most people don’t get easy to follow guidance on what to do to help your commercial real estate sale. Other than that advice that I
Columns and Thought Leadership
Maine multifamily outlook: Opportunities in Portland, Bangor, and Lewiston-Auburn - Blake Wright and Kristie Russell
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.
The Greater Portland industrial mid-year market update - by Nate Roop
The industrial market in Maine remains robust, characterized by historically low vacancy rates. As of early 2024, the vacancy rate across the state is below 2%, indicating a continued imbalance between supply and demand. This tight market environment has kept lease rates strong, with many landlords in a favorable position. Asking rates are trending around $10.50 per s/f for
Residential is here to untie the office space doom loop - by Thomas House
The glut of unused (and to the owners, undervalued) office space because of the advent of work from home is in the process of becoming homes themselves. Though this is an officially supported trend in Boston and other northeast locations, the conversion
Interest rates and inflation - by Matthew Bacon
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.