Hunneman facilitates acquisition of 46,869 s/f small-bay industrial property

Nashua, NH Hunneman facilitated the acquisition of a 46,869 s/f, small-bay industrial property at 4 Bud Way on behalf of Sticks Investment Group. The property, owned by JP Irvine LLC, was acquired by Sticks through an off-market transaction and was fully leased to 13 tenants at the time of sale.

Tyler Ewing of Hunneman identified and facilitated the off-market acquisition, Andrew Kaeyer arranged financing for the purchase, and Jay Burns and Hunneman’s property management team will oversee management of the asset.

Ewing represented Sticks Investment Group. Andrew Robbins of Colliers in Portsmouth, represented the seller.

The 3.72-acre property presented an attractive investment opportunity due to its location, tenant roster, and small-bay industrial configuration. Situated off the highway and adjacent to the airport, the property provides access to major roadways and benefits from its proximity to retail services, fitness centers, hotels, and restaurants, all within a half mile of Exit 7 off of Rte. 3.

The acquisition marks Sticks Investment Group’s first transaction in Southern New Hampshire. 

“We are thrilled to have represented Sticks Investment Group on the acquisition of 4 Bud Way in Nashua. As a new client, their professionalism and clear communication were instrumental in navigating this transaction. While every real estate deal has its own unique timeline, the Sticks team showed incredible dedication and agility at every turn, ensuring a successful closing,” said Ewing. “Working with Sticks was a terrific experience. We look forward to partnering with them on future ventures as they expand their footprint.”

The property’s multi-tenant configuration and full occupancy were also key factors in the acquisition. Small-bay industrial assets continue to attract significant investor interest, driven by demand for functional industrial space and the limited availability of this type of product in many markets.

“Working with Sticks Investment Group throughout their acquisition and due diligence period helped lay the foundation for a smooth transition into property management of the asset. We look forward to building a long-term relationship with Sticks and assisting them in executing their business plan for 4 Bud Way,” said Burns.

“We are excited to have completed our first transaction with Sticks Investment Group and to demonstrate the depth of Hunneman’s capabilities throughout the transaction,” said Kaeyer. “From identifying the off-market opportunity to providing financing expertise and ultimately managing the asset, this transaction showcases the range of services Hunneman can bring to a client.”