Santoro of Kinlin Grover Commercial Group completes $2.6 million sale
Nat Santoro, CCIM of Kinlin Grover Commercial Group has sold the Seatoller Plaza, a fully tenanted 14,058 s/f strip center with two duplexes (4 units) for a total of 17,130 s/f. The purchase price for this 2.24 acre parcel was $2.6 million.
The property has sold to the anchor tenant Ace Hardware.
Santoro represented the buyer, and Gil Owren, a local broker and Attorney Anne-Marie Litchfield of Chatham, represented the seller.
The financing was provided by Charlie DeSimone of The Bank of Cape Cod.
Chelsea, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have successfully completed the sale of a 15 units for $3.55 million. 827-835 Broadway, which is a value-add type asset, is situated in a high-density, urban-infill neighborhood.
This may seem self-serving, and I’ll be the first to admit it. But unlike some of the artificial intelligence tools now reshaping our industry, I am fully aware of my own bias. So, hear me out. The rise of AI in commercial real estate is not a distant threat or a speculative headline.
Now what? As the year comes to a close, the state of retail is always in the news. The answers vary greatly depending on who in the various related industries you ask, each offering a unique lens on the challenges and opportunities ahead.