Milford, NH Mike Reed, president of Stebbins Commercial Properties LLC has commpleted the sale of the 60,000 s/f industrial building at 1 Hampshire Dr., from SBJ Real Estate Associates to Milford Equities NH, LLC.
Reed represented the seller, SBJ Real Estate Associates and assisted the buyer in this transaction. According to the Registry of Deeds the sale price was $2.85 million.
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.