Londonderry, NH Tinkham Realty, Inc. completed the sale of 15 & 23 Londonderry Rd., also known as the Commerce Center.
The sale consists of two multi-unit office/warehouse buildings. Building #15 with 22,000 s/f has 11 units and Building #23 with 32,000 s/f has 16 units. The property has 148 parking spaces and is located within quarter mile of Rte. 93 at exit 4.
Jerry Hersch of the commercial division of Tinkham Realty, Inc. represented the seller LaBonte Investment Realty, LLC andChristopher Goodnow of Goodnow Real Estate Services represented the buyer, KS Prime, LLC.
The sale price according to the Rockingham Registry of Deeds was $5.2 million.
Tinkham Realty is a full-service real estate firm servicing all of New Hampshire and northern Mass.
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.
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.