Goffstown, NH Marcus & Millichap brokered the sale of Goffstown Back Rd. Self-Storage, a 65,700 s/f facility, according to Grant Fitzgerald, regional manager of the firm’s Columbus office. The sale price was not disclosed.
Nathan Coe, Brett Hatcher, and Gabriel Coe, investment specialists in Marcus & Millichap’s Columbus office, had the exclusive listing to market the property on behalf of the seller. Thomas Shihadeh, broker of record, assisted in closing this transaction.
Coe, the lead agent, said, “I am pleased to announce the Goffstown Back Rd. Self-Storage sale in southern New Hampshire. It was a tremendous process that had several early competitive offers and sold at list price. The property closed just over a month after going under contract. I am very excited for the selling family and both sides were great to work with.”
Goffstown Back Rd. Self Storage is located about 55 miles northwest of Boston. The facility features 380 non-climate-controlled units and 71 climate-controlled units, totaling 65,700 net rentable s/f. The facility is in a growing area with access and street frontage.
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.