News: Northern New England
Posted: June 2, 2017
McLaughlin Investments closes $1.775 million IRC 1031 Exchange sale
Hudson, NH McLaughlin Investments, Inc., brokered the IRC 1031 Exchange sale of 257 Lowell Rd. to Anton Realty, for $1.775 million.
The property was 100% occupied and master NNN leased by DCU/ Digital Credit Union, and improvements consist of a 4,000 RSF, freestanding, single-story retail banking branch with drive through, located at the intersection of DWH Bypass, Lowell St. (Rte. 3A) and Walmart Blvd., a major throughway and signalized intersection servicing Sam’s Club, Walmart, MacDonald’s, Friend Lumber Supply and DCU.
Nearby retailers include Market Basket, Dunkin’ Donuts, Enterprise Bank, Tulley Automotive Group, Hudson Speedway, Rite Aid and numerous others.
Financing was provided by Chet Szablak, Enterprise Bank and Trust.
John McLaughlin represented the IRC 1031 Exchange buyer, Anton Realty, and procured the off market seller, 257 Lowell Road, LLC.
Tags:
Northern New England
MORE FROM Northern New England
PROCON and Hitchiner break ground on 57,000 s/f shared services operations facility
Milford, NH Hitchiner, in partnership with PROCON’s integrated design and construction team, has officially broken ground on a new 57,000 s/f shared services operations facility at its Elm St. campus. This building will house value-added services used across Hitchiner’s various business units,
.png)
Quick Hits