News: Northern New England
Posted: September 6, 2019
Reed of Stebbins Commercial Properties brokers two sales totaling $1.516 million
Commercial Properties
Hooksett, NH Mike Reed, president of Stebbins Commercial Properties LLC completed the sale of the 14,560 s/f building at 171 Londonderry Tpke. from CGI Real Estate Holdings of Hooksett, N.H.to Kasi Reddy from Bow, N.H.
Reed represented the seller, and John Jackman of Jackman Commercial Realty assisted the buyer.
According to the Registry of Deeds the sale price was $1.166 million.
In another transaction, Reed completed the sale of the 4,000 s/f industrial condo at 8 Industrial Park Dr. from Ken Boisclair of Goffstown, N.H. to Chris DeSaulnier of Bedford, N.H.
Reed represented the seller, Ken Boisclair and assisted the buyer in this transaction.
According to the Registry of Deeds the sale price was $350,000.
Tags:
Northern New England
MORE FROM Northern New England
Northern New England
November 2024 NH CIBOR president’s message: 10 tips for commercial real estate investors - by Ethan Ash
While many Realtors will tell you what you need to do in order to sell your residential property at the highest price (clean out the junk, update bathrooms and kitchens, paint, etc.) most people don’t get easy to follow guidance on what to do to help your commercial real estate sale. Other than that advice that I
Quick Hits
Columns and Thought Leadership
The Greater Portland industrial mid-year market update - by Nate Roop
The industrial market in Maine remains robust, characterized by historically low vacancy rates. As of early 2024, the vacancy rate across the state is below 2%, indicating a continued imbalance between supply and demand. This tight market environment has kept lease rates strong, with many landlords in a favorable position. Asking rates are trending around $10.50 per s/f for
Interest rates and inflation - by Matthew Bacon
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.
Residential is here to untie the office space doom loop - by Thomas House
The glut of unused (and to the owners, undervalued) office space because of the advent of work from home is in the process of becoming homes themselves. Though this is an officially supported trend in Boston and other northeast locations, the conversion
Maine multifamily outlook: Opportunities in Portland, Bangor, and Lewiston-Auburn - Blake Wright and Kristie Russell
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.