Hookset, NH Summit Realty Partners, Inc. completed two retail development sale transactions in New Hampshire.
1311 & 1313 Hooksett Rd. sold for $1.5 million on April 26th. This 3.39 acre redevelopment site was purchased by a convenience store and gas station developer and operator. The intended use of the site is a convenience store and gas station. Chris McMahon of Summit Realty Partners represented the buyer in this transaction.
192-196 Loudon Rd. in Concord, sold for $1.95 million on April 27th. This 2.36 acre development site was purchased by a car wash developer and operator. The intended use of the site will be for a car wash. McMahon represented the seller in this transaction.
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.