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Owners Developers & Managers
Posted: May 9, 2013
Kinlin Grover Commercial and Quinn Associates broker $525,000 sale of motel
Nat Santoro, CCIM of Kinlin Grover Commercial and Paul D'Angelo of Quinn Associates, along with Gil Owren, broker, has sold the Spring Garden Inn, a 12 unit 4,216 s/f motel with views of Scorton Creek. The purchase price for this 9.5 acre parcel with wetlands was $525,000.
Santoro, D'Angelo and attorney Mark Boudreau of Hyannis, Mass. represented the sellers, Linda Gruberski and Jesse Hawkins. Gil Owren, a local broker, and attorney David Arons of Norwell, Mass. represented the seller, Steven Lang.
As an investment project, the new owner is planning to upgrade the property and has a management team in place to run the motel.
This transaction was particularly attractive because owner financing was arranged in order to create a win-win outcome for all parties.
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