Stratham, NH The Kane Company completed the sale of the 6,000 s/f office investment property located at 81 Portsmouth Ave. The recently renovated building on 2.02 acres includes a 40 space parking lot. The property, located on Rte. 108, has access to Rte. 101 and I- 95.
Jody Skaff of The Kane Company represented the seller, Shasta LLC, and sold the property to the new owners, Steven and Lorena Cotran. Steve Cotran is the top selling broker owner for the ReMax franchise in New England. The buyers are excited about opening a ReMax Real Estate office so close to their residence.
Founded in 1981, 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.