
A review of recent transaction activity since September 2008 reveals an interesting insight for Cape Cod commercial property and business sellers looking for the right buyer: your buyer may just someone you already know.
Cape Cod Commercial Real Estate and Business News

A review of recent transaction activity since September 2008 reveals an interesting insight for Cape Cod commercial property and business sellers looking for the right buyer: your buyer may just someone you already know.

A slideshow of the top fifteen commercial real estate sales on Cape Cod MA in 2008, ranked by sale price. (Note: The 2008 Market Report no longer being distributed. Be sure to watch for the 2009 annual Market Report expected to be released in January 2010.)
Whether you are a buyer, seller, broker, banker, or appraiser no doubt the recent decline in commercial real estate sales on Cape Cod has made pricing or valuing a property much more difficult. As we entrench deeper in the current market cycle, many practitioners needing a continuous finger on the pulse of prices and values will creatively apply alternative methodologies.

Despite some limited exceptions, the fact is while easy to apply and understand, valuing or making a purchase offer on any business by placing high reliance on a Rule of Thumb is not a good idea for several valid reasons.
Experts agree the single most important thing you can do before listing your commercial property for sale on the open market is this: price it right.

The Mill Stores warehouse and distribution facility located at 128 Breed’s Hill Road, Hyannis, MA recently changed hands. According to public records, the 27,000SF structure on 4.13 acres conveyed in early July 2008 for $3.7 million to RAM Construction LLC of Bedford, MA. The buyer was reported to be a specialty building products distributor with locations throughout New England.
In navigating the cross currents of the Cape Cod commercial real estate marketplace it seems many commercial real estate participants are missing the big picture by focusing too much on price levels.

A two story retail and office property located in Sagamore, MA was sold in March 2008 for $1.8 million. Both sides of the deal were successfully handled by Ben Edgar, principal broker and owner of Sea Watch Realty. The two story property on two acres comprises approximately 28,000SF of building area is one of several former Towne… [Continue Reading]
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