Tilton, NH SVN|Masiello Commercial has completed the sale of 637 West Main St. This 6.75-acre parcel with a newly built self-storage facility was sold to Tilton Self-Storage, LLC for $4.28 million. This property consists of 11 buildings and one office with a total of rentable 67,050 s/f.
Matthew Bacon and Cassandra Farley of SVN|Masiello Commercial represented the seller, 637 West Main St., LLC. The buyer was represented by Doug Martin of KW Commercial.
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.