Lee, NH NAI Norwood Group has completed the sale of 118 Calef Highway for $540,000. 118 Calef Highway is a 2,400 s/f retail building situated on 2 acres. The building is the former headquarters of Lee Custom Cycles, which the company occupied for over two decades. 118 Calef Highway will be the new home of Mosquito Squad of NH.
Brian O’Brien, vice president and managing broker of NAI Norwood, represented the seller, Jeffrey Chrisensen. Lear Realty represented the buyer, David Macchia.
NAI Norwood Group, with offices in Bedford and Portsmouth, is an affiliate of NAI Global, an international commercial real estate network with over 375 offices spanning the globe.
Since 1978, NAI Global clients have built their businesses on the power of NAI’s expanding network. NAI Global’s extensive services include corporate real estate services, brokerage and leasing, real estate investment and capital market services, and consulting services.
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.