North Truro, MA According to Kinlin Grover Commercial Real Estate in Orleans, Sonja Soderberg has sold the East Harbour Motel & Cottages to Eric Shapiro of the Lexvest Group.
This 2.43 acre waterfront property has 7 two bedroom cottages, an 8 room motel, a 1 bedroom apartment, and a 2 bedroom owner’s quarters totaling 8,452 s/f. The property sold in December for $2.55 million after a yearlong lease/purchase contract.
The transaction was handled by Nat Santoro, CCIM of Kinlin Grover Commercial who represented the sellers, and Phil Scholl, formerly of Kinlin Grover Truro and now with Philip Scott Realty, who represented the buyer. Lexvest intends to convert the property to condominiums.
Kinlin Grover Commercial Real Estate was honored to be part of this transaction, and wishes the new owner success with his purchase.