Portsmouth, NH, May 16, 2018 – Colliers International, a global leader in commercial real estate services, recently sold the former McIntosh College main campus at 23 Cataract Avenue and 61 Rutland Street in Dover, New Hampshire. David Choate and Laura Farago of Colliers’ Portsmouth office represented the Seller, Profero Management and Holdings, LLC, and assisted the Buyer, Scioto Riverpark, LLC of Portsmouth, NH, in the sale of the 11-acre property.
This is the third and final disposition of the former McIntosh College real estate brokered by Colliers since 2016. This property consists of a 26,100 SF 3-story building which is more than 50% leased, a former administrative office building, and several undeveloped acres available for additional development.
Bob DeColfmacker of Profero Management and former President and owner of McIntosh College said,
“While it was bittersweet to sell the last of the former McIntosh College properties, buyer interest in these properties is a continued testament to the vitality of Dover as a desired place to live, invest, or operate a business. We know these properties will continue to have a positive and significant impact on Dover’s future.”
According to the Strafford County Registry of Deeds the purchase price was $2,425,000.