Derry, NH Dave Tanguay a senior advisor of SVN The Masiello Group commercial division, organized a 22,890 s/f industrial sale of 6 A St. for $3.5 million.
The building has three tenants in place and will be the home of the buyer for office and warehouse space.
SVN The Masiello Group represented the buyer. And the seller was represented by Ralph Valentine of The Valentine Group.
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.