
Nashua, NH Summit Realty Partners, Inc. brokered two land sales in New Hampshire.
8 Merrit Pkwy. sold for $950,000 on July 7, 2022. The 6.21 acre development site was purchased by Parsons Ventures, LLC. This undeveloped property is located in the mixed-use village of Carriage House at Maplewood. Chris McMahon and Travis Ginsberg of Summit Realty Partners Inc. represented the seller.
99 Knox Marsh in Dover sold for $1.099 million on July 27, 2022. The 20.50 acre development site was purchased by RY Development, LLC. The property has 1,200 feet of frontage on Knox Marsh Rd. and access to The Spaulding Tpke. McMahon of Summit Realty represented the seller and Dana Rainaud of Keller Williams Coastal Realty represented the buyer.
With over 25 years of experience, Summit Realty Partners Inc. is a full service commercial real estate firm headquartered in Lexington, Mass.
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.