Arden of NAI Norwood negotiates sale of 21,000 s/f for $1.4 million

November 04, 2022 - Northern New England
Deana Arden

Somersworth, NH NAI Norwood Group has completed the sale of 4 Gator Rock Rd. to ZJBV Properties LLC.

Deana Arden of NAI Norwood Group represented the seller, Labonte Investment Realty LLC, of the 21,000 s/f former Stratham Tire building. According to the registry of deeds the sale price was $1.4 million.

Although the property was only marketed for sale, there was heavy interest in leasing this property for a variety of uses, indicating the industrial leasing market is strong. Industrial still continues to out-perform with high demand and low inventory thus driving shorter days on market. The property also included 2.65 acres which added to the desirability of it.

4 Gator Rock Road - Somersworth, NH

Arden said, “Gator Rock Road will be experiencing strong growth with Palmer Oil putting in their corporate headquarters. Additionally The Good Home—Interiors & Design also has future plans to locate there as well.”