Update: HFF closed the sale of this property.
HFF is marketing on behalf of the owner an opportunity to purchase The Fairways, a scalable, premier, 849-unit apartment complex for sale in the Greater Boston market, one of the nation’s top investment markets.
Located at 1 Forest Ridge Road in Derry, New Hampshire, The Fairways comprises 31 apartment buildings and one storage facility situated on more than 106 sprawling acres, providing a secluded and pastoral setting. The investment property for sale features 12 beautifully designed floor plans with amenities such as spacious living areas and bedrooms, private balconies/patios, designer kitchens, walk-in closets and more. The community setting is further augmented by a central clubhouse with an indoor heated swimming pool, outdoor swimming pool, fully equipped athletic center, billiards table, Jacuzzi, sauna and lounging deck in addition to a fenced in bark-park, two tennis courts, a playground, barbecue areas, an outdoor pavilion, and convenient access to mountain bike/walking paths and a neighboring golf course.
With proximity to major employment centers in the Northeast in addition to cash flow durability and lack of supply within the market, The Fairways presents investors with the opportunity to purchase a premier, scalable apartment community for sale within the Boston MSA. For more information on this commercial property for sale, contact Matthew Lawton, Christopher Phaneuf and Mark Campbell.