Brady Sullivan Properties Acquires Dover, NH Apartment

Brady Sullivan Properties has acquired the White Cliffs at Dover, a 192-unit garden style apartment community for $29 million. The property is located at 510 Marthas Way in Dover, NH

CBRE Capital Markets’ multi-housing experts Simon Butler, Biria St. John and John McLaughlin exclusively represented the seller and procured the buyer.

White Cliffs at Dover was built between 1983 and 1985 and is comprised of eight, 24-unit, three-story garden-style buildings. The prior ownership had acquired the property in the early 1990’s and made some improvements, including newer roofs and windows. Most of the kitchens and baths are original with select replacements and upgrades as needed. Additionally, one building was offline due to significant damage from a recent fire. Brady Sullivan plans to make improvements to the property including bringing the fire-damaged building back online and upgrading apartments as the apartments turn over.