February 19, 2025 – Dennis Kelleher, John Pentore and William Peck of Horvath & Tremblay has arranged the sale of Stonehenge at Londonderry, a 48-unit multi-family property in Londonderry, New Hampshire. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $11,150,000 which represents a 6.58% Cap Rate and $232,292 per unit.
Stonehenge at Londonderry is located at 14 & 23-25 Stonehenge Road in Londonderry, New Hampshire. Stonehenge at Londonderry is comprised of forty-eight (48), 2-Bedroom/1-Bathroom residential units spread across eight (8) three-story buildings. The Property contains 36,998 square feet of living space in 39,910 square feet of gross area on eight individual tax parcels and a combined 17.88 acres of land. There are 100 off-street parking spaces for residents. The Property also features on-site laundry facilities. The in-place rents are significantly below market rates; the opportunity exists to increase rental rates in a highly desirable residential market positioned in between Manchester and Derry, two of the largest markets in New Hampshire. Stonehenge at Londonderry is located in a quiet residential area in the center of Londonderry. The community is positioned on several large, private wooded lots and offers its residents tranquil living in a rural setting while also providing convenient access to major roadways (NH Routes 28, 128, 102 and Interstate 93) and area shopping amenities just a few miles away along Rockingham Road (NH Route 28) and Nashua Road (NH Route 102) the area’s primary commercial corridors. Additionally, the Property is 5.25-miles from the Mall of New Hampshire and countless national retailers surrounding the mall in Manchester’s South End. The location also offers numerous outdoor recreation activities with boating, hunting, fishing, hiking, and winter activities at nearby ski resorts. Londonderry is in southern New Hampshire in between Manchester, the state’s largest market, and Derry, the state’s fourth largest market. Londonderry is approximately 43-miles north of Boston and is considered part of the Boston MSA.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in New England. Their advisors specialize in the sale of apartment buildings, mixed-use properties and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.