NAI Norwood Group sells 60,000 s/f office building for $5.6 million on behalf of the seller, Manhattanlife Assurance Company of America

Concord, NH NAI Norwood Group completed the sale of 6 Loudon Rd. for $5.6 million. The 60,000 s/f office building constructed in 1976 is home to a number of businesses including Bankers Life, GraphOn, and Absolute Title LLC. Chris Norwood of NAI Norwood Group represented the seller, Manhattanlife Assurance Company of America F/K/A Central United Life Insurance Company. The buyer was JP Irving, LLC dba Kelley Family Properties.

This was an almost fully leased multi-tenant office investment asset. “We saw a number of investors looking at this product and similar assets as they look for stable income producing real estate,” said Norwood.