Nashua, NH Cameron Real Estate, Inc. has purchased the first class office building located at 6 Trafalgar Sq. The purchase price was $2 million.
The building, which was formerly the headquarters of KBace Technology, has 28,067 s/f of first class office space on two floors. With visibility from Somerset Pkwy., it is located at the entrance to the Trafalgar Sq. complex – within 1/8 mile of Exit 8 of the Everett Tpke. – and is walking distance of numerous hotels, restaurants and other amenities. It abuts the newly refurbished Hilton Doubletree Hotel.
Cameron was represented by Larry Hirsch of Hirsch & Company, LLC. KBace Holdings, the seller, was represented by Nicole Canavan of Prudential Verani Real Estate.
Hirsch & Company has been retained by Cameron as its leasing agent. According to Hirsch, the property is in excellent condition and is truly “plug and play” – completely furnished with a computer network in place. Exterior building signage is available. 6 Trafalgar has ample parking – some of which is covered.
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.