Marcus & Millichap, a leading commercial real estate firm, recently facilitated the sale of an industrial warehouse in Swanzey, NH for $2.4 million. The property is located at 1042-1050 W Swanzey Rd and spans 36,500 square feet.
The transaction was arranged by investment specialists Luigi Lessa, Harrison Klein and Mattias Edenkrans from Marcus & Millichap’s Boston office. They represented a private investor in marketing the property and also secured the buyer – a private owner occupant.
According to Klein, this is their second successful sale in western New Hampshire – an often underestimated market with limited industrial supply resulting in low vacancy rates. This particular market serves Vermont, New Hampshire and western Massachusetts.
Built in 1994 with modern features such as 34-foot clear heights and loading docks along with newly installed HVAC systems and LED lighting systems; this property has great potential for future growth opportunities as well. It is also approved for construction of three additional buildings totaling up to 90
