Nashua, NH Prolman Realty, Inc. brokered the sale of 17 Progress Ave. to LP220, LLC according to Mark Prolman who assisted the buyer and represented the seller, 17 Progress Avenue, LLC.
The property is located off the F.E. Everett Tpke. between exits 4 and 5 within the Northeastern Blvd. Industrial Park and consists of an 18,600 s/f office and industrial building on a one-acre parcel. The building was formerly occupied by J. Lawrence Hall and subsequently Denron Hall.
According to the Hillsborough County Registry of Deeds, the sale price was $1.9 million.
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.