NAI Norwood Group completes sale of 5,997 s/f office space at 116 South River Road for $685,000

April 05, 2019 - Northern New England

Bedford, NH NAI Norwood Group completed the sale of 5,997 s/f of office space located at 116 South River Rd., building D, for $685,000. 

Louise Norwood,
NAI Norwood Group

 

Karl Norwood,
NAI Norwood Group

 

Chris Norwood,
NAI Norwood Group

 

Louise Norwood, Karl Norwood, and Chris Norwood of NAI Norwood Group represented the seller, Vasilios Realty Trust, and Colliers International represented the buyer, Dow Holdings, LLC. The office space consists of three condo units within a larger office condo complex.  The price tracks with a historical rise of prices throughout the market at just over $110 per s/f. “Activity in the office sector for leasing and purchasing remains brisk. For those looking to purchase, the inventory in the greater Manchester market remains thin,” said Chris Norwood, president of NAI Norwood Group.

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