Joy Real Estate of Salem, LLC purchased a 3,071± SF retail building at 233 S. Broadway in Salem, NH from Leemitt’s Petroleum, Inc. for $1,700,000. The acquisition nicely fulfilled a 1031 requirement from the sale of another property for the investor. The current tenant, Mattress Firm, has lease term remaining, and the prime location in a strong retail area makes it a great long-term investment.
The transaction was arranged on behalf of the buyer by Chris Gallagher, Joe
Italiaander, and Roger Dieker of The Boulos Company and on behalf of the seller by Sam Koonce of Atlantic Retail.