Cape Cod Commercial Real Estate Market Heats Up at End of Summer

Filed Under: Other News

CENTERVILLE, Mass. (October 9, 2018) – The Realty Advisory, Inc. (TRA), a Centerville-based real estate development, consulting, and brokerage firm, brokered three major commercial real estate sales at the close of the summer:

  • TA was the chosen listing agent for Dette Realty Trust’s 296 Great Western Road,South Dennis, which sold for $805,000 to CTL8 Real Estate Trust. The buyer has begun improvements and will be holding the property for investment. He was represented by Brad Kurtz of Commercial Realty Advisors of Hyannis, MA. The 9,000 square foot property is comprised of two buildings, including a multi-tenant industrial building and a small deli.
  • Nunheimer Family Trust tapped TRA as the listing agent for 9 Commonwealth Avenue, South Yarmouth. The two-acre lot with 6,000 square foot building was sold to 809 College Highway, LLC for $1.265 million. The buyers immediately began work on the property and have begun using the location for bus storage and service. Jesse Hagopian of Kinlin Grover represented the buyer.
  • TRA represented Wall, LLC for the sale of 62 Iyannough Road, Yarmouth. The 2.5-acre property, Wild Animal Lagoon, is complete with a mini golf course and additional land for development. The property was sold for $1.25 million to Ours LLC, which was procured by TRA. This followed a long marketing period and many obstacles on the path to complete the sale.

“The sales of these three properties shows how the commercial real estate market on Cape Cod is continuing to heat up,” says John Shields, Principal of The Realty Advisory, Inc. “We expect the trend to continue through the fall and look forward to playing a large role in commercial real estate market on the Cape.”
ABOUT THE REALTY ADVISORY
Headquartered in Centerville, Massachusetts, The Realty Advisory, Inc. (TRA) provides commercial real estate development, consulting, and brokerage services for Southeastern New England. Founded in 1999, TRA is a professional, inventive company that delivers individual service, higher quality engagements and greater selective value to its clients, as well as consistent financial performance to its investors and partners. TRA’s multi-faceted service structure is based on the client’s specific areas of need, appropriateness of projects and potential enhancement opportunities.


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