ANYONE INVESTING IN MANCHESTER, NH??

Question

Looking at an opportunity in Manchester but I am not familiar with the rental market there. Curious if anyone has experience in that area. Any input is helpful, thanks.

Nicholas Georgoulis · Answer

I work and soon will be closing on my first investment in Manchester. What would you like to know? What area do you have in mind?

Nicholas Georgoulis · Answer

Adam, that area is right in the center city of Manchester. I'd personally say that's a C-/D area, depending on the exact location and building. That's not to say there's not potential depending on the deal but the tenant base would be tough.

Adam Jaspon · Answer

Hi @Nicholas Georgoulis,

The target property is not too far from the SNHU Arena, right near Stanton Park. Rents are good but seem to be slightly below market according to Rentometer.com. How is the area?