SALE OF A 12 UNIT MULTIFAMILY APARTMENT BUILDING IN MANCHESTER NH FOR 1.275 MILLION
Manchester, NH 10/23/2020 SVN | Masiello is one of the nation’s premier net lease brokerage firms, has completed the sale of 246 Main Street. The 12 unit, 10,755 SF building sits on .11 acres of land on the west side of Manchester, NH. 246 Main Street sold to 246 Main Street LLC for $1,275,000.
Matthew Bacon and Cassandra Farley of SVN Masiello Commercial represented the seller. The buyer, 246 Main Street LLC, represented themselves. The property generated substantial interest and was sold for a high price per unit, showing the strength of the Manchester multifamily market in these unique times, as well as the desirability of having large floor plans with 3 bedrooms each.
“If we had 5 of these buildings poised and ready to sell, we could have done so. Residential rent pricing, collections, and demand remain strong in Southern NH, which is very positive for current and prospective landlords in this market” said Matthew Bacon, Senior Advisor. “We’re fortunate to have worked with an excellent seller and a savvy, courteous buyer, and look forward to doing so again in the future.”
SVN is the only major commercial real estate brand that proactively markets all of its qualified properties to the entire brokerage and investment community. Participating in approximately $12.1 billion in sales and leasing transactions in 20187, SVN Advisors shared commission fees with co-operating brokers in order to close more deals in less time and at the right value for clients. Advisors also reap the benefits of our SVN Live® Weekly Property Broadcast, cloud-based leading-edge technology, and national product councils. This open, transparent and collaborative approach to real estate is the SVN Difference.
About SVN | Masiello
SVN | Masiello an independently owned and operated SVN® office located in Bedford, NH. The SVN® brand is a globally recognized commercial real estate entity united by a shared vision of creating value for clients, colleagues and communities. Currently, SVN comprises over 1,600 advisors and staff working in more than 200 offices across the globe. SVN’s brand pillars represent the transparency, innovation and inclusivity that enable all our advisors to collaborate effectively with the entire real estate industry on behalf of our clients. SVN’s unique Shared Value Network® is just one of the many ways that SVN Advisors create outsize value for all stakeholders. For more information, visit www.svn.com.