Hampstead, NH Cub Pond LLC, has purchased a 46,197 s/f facility at 184 Rte. 111 from Consolidated Container Company LP of Omaha, Neb. for $1 million. Cub Pond LLC is a small organization in the storage business.
Jean Kane of The Kane Company listed the property and Douglas Martin of KW Commercial procured the buyer.
The Kane Co. is a leading commercial and industrial real estate services company in N.H., southern Maine and northern Mass.
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.