Manchester, NH Michael Reed, president of Stebbins Commercial Properties, Inc. completed the sale of the 30,000 s/f building at 1211 Elm St. from 1211 Elm Street LLC in Manchester, to Any Property Rehab LLC of 113 West G St., San Diego, CA.
Reed represented the seller, and Ron Fredette of KW Commercial-NH represented the buyer.
According to the Registry of Deeds the sale price was $1.24 million
Stebbins Commercial Properties recently celebrated over 33 years as an independent commercial real estate brokerage firm, specializing in the sale and leasing of retail, office, industrial, investment properties and land.
The multifamily market in Maine’s major cities presents a diverse range of opportunities for investors. We looked at the potential benefits and unique characteristics of three major submarkets in the state: Portland, Bangor, and Lewiston-Auburn. The information below is based on research done in CoStar and county registries, and focuses on multifamily properties that have four or more units.
As we all know, interest rates have been changing drastically, with movement in both directions, depending on the type and term of financing. The Federal Open Market Committee has taken drastic action in efforts to curb abnormally high inflation, but it hasn’t controlled labor cost growth to the extent that was intended.