Duffy from Berkshire Hathaway Verani Realty closes two transactions totaling $3.375 million

Hooksett, NH Commercial real estate firm Berkshire Hathaway Verani Realty has completed the sale of two assets by senior advisor Tom Duffy.

Duffy represented the seller in the sale of 7 Eastpoint Dr. The asset included 2.13 acres with a 24,000 s/f warehouse/industrial building on the property. The disclosed sale price was $1.8 million, or $75 per s/f.

Duffy also represented the buyer in their acquisition of 272 Londonderry Tpke. This sale included 2.91 acres with a 22,500 s/f warehouse/industrial building. The final sale price for this transaction was noted at $1.575 million or $70 per s/f.

Duffy said, “The sale of these two properties in Hooksett reinforces the demand from investors and owner-occupants alike to secure good-bones industrial properties in New Hampshire. Due in part to the escalation of industrial land prices in our local markets, the opportunity to acquire existing, good-quality assets that do not have a lot of deferred maintenance or functional obsolescence remains appealing and favorable from a pricing standpoint. New Hampshire entrepreneurs continue to thrive, especially in the industrial R&D space, and assets such as these two recent sales demonstrate their viability and appeal to a large group of potential investors and owner occupants.”