Marcus & Millichap brokers $3 million sale of industrial property in New Hampshire’s Lakes Region

Belmont, NH Marcus & Millichap has completed the sale of a single-tenant industrial property. The asset sold for $3.05 million.

“This sale demonstrates the strong demand for well-leased industrial properties throughout New England,” said Harrison Klein, managing director investments in Marcus & Millichap’s Boston office. “By sourcing an aggressive 1031 exchange buyer, we helped the seller maximize the value of the transaction.”

Klein, Luigi Lessa and Mattias Edenkrans of Marcus & Millichap, in association with Thomas Shihadeh, the firm’s broker of record in New Hampshire, exclusively marketed the property on behalf of the seller. Jack Laurendeau of Horvath & Tremblay procured the buyer.

The property, located at 6 Old Prescott Hill Rd., is a two-story, 30,000 s/f building comprising 18,000 s/f of warehouse area and 12,000 s/f of office space. The property is situated on 5.1 acres, including 2.5 acres of fenced and paved yard space.

6 Old Prescott Hill Rd. is near Concord Hospital – Laconia, Gunstock Mountain Resort, and multiple lakes and forests, including Lake Winnipesaukee.