Meredith, NH Tom Drouin, an associate broker with Roche Realty Group, represented the seller in a sale of a commercial building located at 57 Reservoir Rd. The building included 11,800 s/f and was sited on 4.18 acres. The seller of the property was RAFD Realty and the buyer of the property was Northeast Storage.
According to Drouin, “This was a very unique building in a central Meredith location that included oversized, overhead doors which access two huge indoor heated storage areas for multiple cars, boats, trailers, oversized RV’s, etc... In addition, there were three separate custom lounge areas with full bars and an oversized sitting/ view area to hold large entertaining events. Approximately 10,000 s/f of heated space is located on the first level with an additional 1,800 s/f on the second level. The steel insulated building measures 200 ft. by 50 ft.”
Roche Realty Groups Inc. commercial division has specialized in a multitude of commercial, industrial, investment, and business sales since its inception.
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.