Wenberry Associates Acquires Industrial Warehouse In Portsmouth From The Kane Company For $24.5M

The transaction involved an industrial asset comprising a newly built, 102,059-square-foot Class A warehouse located at 100 New Hampshire Avenue in Portsmouth, NH. The sale price for the property was $24,500,000, which translates to a price per square foot of $240.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $24,500,000
• Address: 100 New Hampshire Avenue
• Market: Portsmouth, NH
• Square Footage: 102,059
• Price Per Square Foot: $240
• Buyer: Wenberry Associates
• Seller: The Kane Company
• Brokers: Tyler McGrail, Robert Griffin, Edward Maher, Matthew Pullen, James Tribble, Samantha Hallowell & Allie Percoco - Newmark

Newmark facilitated the transaction by representing the seller, The Kane Company, while also securing the buyer, Wenberry Associates, for the Class A warehouse property.