Litchfield of Concord Commercial Real Estate brokers $600,000 sale of Hillcrest Campground
Brenda Litchfield of Concord Commercial Real Estate recently represented both the seller, Estate of Robert Cavacco, and the buyer, Manna Business Enterprises, LLC, in the sale of the Hillcrest Campground and the adjoining 26 acres of. The campground is located at 78 Dover Rd. The new owners, who own another campground, plan on continuing the business. The additional land has all approvals in place for a self storage facility. The two properties sold for a total of $600,000.
In addition Litchfield brokered both sides of a land sale located at 272 Sheep Davis Rd., across from the Steeplegate Mall in Concord, NH. The .6 acre was purchased by ABL - Sheep Davis Rd, LLC from James Pickering for $70,000.
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Many real estate investors do not understand the specific requirements that must be met to secure the benefits of a tax-deferred 1031 exchange. For example, the replacement property must be identified within 45 days of the closing date of the relinquished property.
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Coming out of the pandemic, a client with three hotels in Provincetown, Mass., needed ways to let the world know his properties were open for business for the 2021 tourist season.