New Hampshire multifamily complex sells for $54M

Site features multiple athletic amenities

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CB Richard Ellis/New England arranged the sale of Boulder Park, a 482-unit, class B apartment community in Nashua, N.H. The value of the transaction was approximately $54.4 million. Troy, Mich.-based The Hayman Co., a national real estate investment company, sold the property to Princeton Properties. Built in 1983, Boulder Park is composed of 14 three- and four-story garden-style buildings and a two-story community center on approximately 40 acres. The property offers six floor plans, ranging from one-bedroom apartments and multilevel townhouses to two-bedroom deluxe units. Sixty-seven percent of the units are two-bedrooms or larger. Community amenities include a clubhouse with a fitness center and lounge, swimming pool, two tennis courts, storage units and laundry facilities on each floor. CB Richard Ellis/New England is a Boston-based joint venture of CB Richard Ellis and Whittier Partners Group with offices in Massachusetts, Connecticut, Rhode Island, Maine and New Hampshire. ...