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CBRE Arranges $29.13 Million Sale of 192-Unit Backyard Model Condominium Neighborhood in Dover, NH to Brady Sullivan Properties

Dover, NH — CBRE introduced that it has organized the $29.13 million sale of White Cliffs at Dover, a 192-unit backyard fashion condominium group situated at 510 Marthas Method in Dover, NH. CBRE Capital Markets’ multi-housing specialists Simon Butler, Biria St. John and John McLaughlin solely represented the vendor and procured the client, an affiliate of Brady Sullivan Properties. White Cliffs at Dover was constructed between 1983 and 1985 and is comprised of eight, 24-unit, three-story garden-style buildings. The prior possession had acquired the property within the early 1990’s and made some enhancements, together with newer roofs and home windows. A lot of the kitchens and baths are authentic with choose replacements and upgrades as wanted. As well as, one constructing was offline on account of important injury from a current hearth. Brady Sullivan plans to make important enhancements to the property together with bringing the fire-damaged constructing again on-line and upgrading flats because the flats flip over.    “We’re happy to have represented our shopper within the sale of White Cliffs at Dover. New Hampshire has been the highest performing rental market in New England over the previous 4 years and MSM was in a position to capitalize on that efficiency,” acknowledged St. John. “Moreover, the White Cliffs at Dover presents Brady Sullivan Properties the flexibility to execute their value-add technique and make a lot wanted enhancements to the property. This can even develop their New Hampshire footprint and increase into the Seacoast market.”

The publish CBRE Arranges $29.13 Million Sale of 192-Unit Garden Style Apartment Community in Dover, NH to Brady Sullivan Properties appeared first on Boston Real Estate Times.