Matthews recently facilitated the sale of a retail property located at 166 Daniel Webster Hwy. in Nashua, NH. First VP and associate director Daniel Gonzalez and associate Nikolai Novak represented the buyer in the $8,800,000 transaction.
Originally developed by the seller, the 44,000-square-foot retail property was brought to market after a
20+ year hold. Initially listed at $10,000,000 with a local firm, the asset had remained available for more than two years with limited buyer interest.
Leveraging proprietary technology and a national database, the Matthews agents generated three
off-market offers and ultimately sourced a private client from Massachusetts seeking a large-scale retail
investment. The transaction closed 12% below the initial asking price, allowing the seller to successfully
exit the asset and the buyer to acquire the property at a competitive basis for long-term ownership.
“By expanding the buyer pool beyond localized efforts, we were able to bring qualified, out-of-state interest to a long-stagnant listing and secure a favorable outcome for both parties, even in challenging market conditions,” said Novak.
The post Nashua Retail Trades After 20-Year Hold and Two Years on Market appeared first on Connect CRE.
