Santoro of Kinlin Grover sells the Seatoller strip mall for $2.327 million
Kinlin Grover Commercial has sold the Seatoller, a 14,058 s/f strip mall anchored by Eastham Ace Hardware and the Box Lunch. Also on the property and included in the sale are two residential duplexes of 1,536 s/f each. Located on Rte. 6, the property sold for $2.327 million.
The sellers are Vaughan and Joyce Howland of Santa Barbara, Calif. and the buyers are Steven and Sandy Lang of East Brunswick, N.J.
"This is the most solid investment that I have seen in some time," said listing agent Nat Santoro. "The quality of the tenants and the way the long term leases are structured is unsurpassed."
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.