Hooksett, NH Northeast Private Client Group (NPCG) brokered the sale of Londonderry Turnpike Industrial, a multi-tenant industrial facility.
Senior associate Brad Carlson and associate, Chris Norton represented the seller and procured the buyer. Investment associate Brett Curtis helped facilitate the sale.
The 20,448 s/f industrial property is located at 35 Londonderry Tpke.
“Thanks to the seller’s awareness into the future challenges facing this multi-tenant industrial facility, and our recognition of potential upside, we attracted a variety of interested buyers. Our targeted approach led to the selection of a buyer positioned to capitalize on the long-term benefits, while allowing the seller to capture a portion of the future upside. Thanks to both sides for a smooth transaction,” said Norton.
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.