Salem, NH–Foxfield, LLC, a real estate investment and development company that focuses primarily on industrial and residential markets, acquired an off-market asset in Salem, NH for $14.9 million.
Located at 21 Northwestern Drive, the sale was brokered by Chris Healey of The Boulos Company. He represnted the buyer in the transaction.
The 100,450± SF industrial/flex property has 15.26± acres and is fully occupied by four tenants. The seller self-represented in the transaction.
“This was an excellent opportunity to buy a facility with a strong roster of tenants in a dynamic location,” said Managing Partner Jeff Theobald. “We’re excited to see the
Southern New Hampshire industrial market continue to develop over the coming years. Thank you to The Boulos Company and Dennesen Industrial, LLC for supporting a smooth acquisition process.”
“Industrial vacancy in the Salem submarket is among the tightest in the state,” said broker, Chris Healey. “Twentyone Northwestern is a highly desirable flex/industrial asset that checks all the boxes for investors in today’s market. It’s a compelling location with quick I-93 access, proximity to the New Hampshire/Massachusetts state line, and strong surrounding demographics.”
Foxfield is a real estate investment and development company that focuses primarily on industrial and residential markets. Headquartered in Boston, with offices in Atlanta
and Philadelphia, Foxfield searches for unique investment opportunities throughout the East Coast.