Image courtesy of Novaya Real Estate Ventures.

A pair of Londonderry industrial buildings have sold for $9.21 million, part of a larger deal involving 700,000 square feet of flex/industrial space in New Hampshire and Massachusetts. 

The buildings at 34 Londonderry Road – a 72,000-square-foot building and a 53,294-square-foot building – were built in 2000, according to town property records. They sit on 16.5 acres and the property was most recently assessed at $6.19 million. 

All the properties in the portfolio have 18-20-foot clear heights and can accommodate warehouse, research and development, manufacturing and service uses, according to the buyer, Novaya Real Estate Ventures. 

“Opportunity resides in a growing scarcity of good–quality, well-located industrial space in the Greater Boston and New Hampshire market,” Novaya Director Karl Dykstra said in a statement. “We continue to be impressed by the depth of flex demand. Since closing, we’ve completed leases across 180,000 square feet of the portfolio. We’re confident this portfolio will produce robust returns for our investors.” 

Christopher Healey of CBRE’s industrial leasing team is handling leasing on behalf of Novaya

Robert Clifford of Goedecke & Co. arranged debt financing on behalf of Novaya and Securian Asset Management. 

Updated 2:01 p.m., Sept. 10, 2019: This story has been updated to correct the leasing agent for 34 Londonderry Road.