Ron Fredette of KW Commercial brokers $1.55 million sale of 23,000 s/f office building located at 162 Pembroke Rd. At sale the property was leased to two R+D firms. Property exhibited superior financial indicators: 11.12% cap rate, 16.21 Cash on Cash & DSCR of 1.70.
Fredette also arranged a 3,250 s/f lease at Peoples Bank Office Park, located at 779 South Main st., Manchester, N,H. Tom Dickson of Stebbins Commercial Properties assisted in the lease. Loureiro Enginerring Associates leased the property.