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.
Beverly, MA Jay Goldberg, president and owner of Spire Investments has completed the purchase of four multifamily buildings. The 33-unit purchase amounted to a sale price of $9.2 million or $278,788 per unit. The properties are all located in downtown and consist of one- and two-bedroom units.
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.
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.