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.
Hess Acquires Eleven Cape Cod Gasoline Convenience Stores
February 9, 2009 By Leave a Comment
On January 30, 2009 Hess Corporation acquired 11 Christy’s of Cape Cod gasoline-convenience stores. The sale evidently included the outright purchase of six properties and lease assumptions on the remaining five facilities. The stores are located in Dennisport, East Falmouth, Hyannis (3), Osterville, Sandwich, South Orleans, South Yarmouth (2) and West Yarmouth. The total consideration… [Continue Reading]
Top 15 Cape Cod Commercial Real Estate Sales of 2008
January 13, 2009 By Leave a Comment
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.)
New Hands at the Wheel for Former Ford Dealership
November 21, 2008 By Leave a Comment
The former Lighthouse Ford property at 343 Dillingham Road in Falmouth changed hands on November 11, 2008 for an indicated $1,150,000.
Hey Where Ya Going? Former Thompson’s Farm Market Property Sold
October 28, 2008 By Leave a Comment
HARWICHPORT, MA – The former Thompson’s Farm Market in Harwichport, MA changed hands in mid October 2008. According to a filed deed, the purchase price was $2,250,000 and the buyer was Building Down the Road, LLC. In a recent report published in the Cape Cod Chronicle the buyer was indicated to be affiliated with South Harwich based Back… [Continue Reading]
Spirited Effort Will Put Wind Beneath Tired Wings
October 25, 2008 By Leave a Comment
DENNISPORT, MA – The former Wings property located at 438-444 Route 28 in Dennisport is scheduled to take flight and this time it looks for real. A.J. Lukes Liquors of Dennisport, with an established liquor store at the nearby Benny’s plaza has put into motion their plan to relocate to the former Wings property. As a key first step, in mid… [Continue Reading]
Sales Figures Reflect Softening Cape Cod Commercial Real Estate Sector
October 24, 2008 By Leave a Comment
A total of 145 qualified commercial real estate sales transpired on Cape Cod from January – September 2008. The latest figures amount to a 23.3% decline from the level achieved in the same nine month period in 2007. The 2008 drop is also about 42% below the 12-year average of 250 sales and the lowest period to period total since 1997. Quarterly figures reveal… [Continue Reading]
The Art of the Deal: The International Inn Sold
October 20, 2008 By Leave a Comment
In October 2008, the 141-unit International Inn in Hyannis, MA sold for $5.8 million. The sale was handled by Carey Commercial. Chuck Carey, principal of the Cape Cod commercial real estate and business opportunity brokerage firm bearing his name, shares with us his behind the scenes perspective on this notable transaction. What can you tell… [Continue Reading]
Cape Cod Commercial Real Estate Prices and Assessments Inconsistent
September 14, 2008 By Leave a Comment
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.
Success Tip: Aim for the Center and Price it Right From the Start
August 15, 2008 By Leave a Comment
