Ben Edgar of Sea Watch Realty Sells Bourne Town Plaza for $1,800,000
Bourne, MA - On April 1, 2008, Sea Watch Realty, Inc. sold the 27,940 s.f. two story retail/office building located at 41 Meetinghouse Lane, Sagamore Beach, Massachusetts. The property, known as Bourne Town Plaza, was sold to Forty One Meetinghouse Lane, LLC for $1,800,000. Ben Edgar of Sea Watch Realty listed the property for sale and brokered the transaction between the Seller and the Buyer.The property was first Marketed for sale at the end of November, 2007 and closed in four months. The anchor tenant of the plaza, Town Paint is going out of business due to the owners retiring. The new owner is looking to replace that community asset with a similar business.
The retail and office property was built in 1985 on 2 acres of land and is next to the post office just off the new flyover at the Sagamore Bridge, at the Gateway to Cape Cod. There is about 11,000 s/f of retail space that will be available in June of 2008 and there are also second floor office suites available from 1,300 – 3,000 s/f. The Retail space can be subdivided as needed. New owner has already begun renovations to upgrade the facade, signage and both the retail and office spaces. The Plaza will be renamed to reflect its place in Sagamore Beach.
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Sea Watch Realty is a commercial real estate brokerage company specializing in commercial and investment properties in southeastern Massachusetts. Offices are located in Plymouth, Marion, Falmouth, Hyannis, and South Easton. Contact Ben Edgar for information on the leasing opportunities at the building.
For Additional Information about this press release
Contact
Ben Edgar at (508) 548-4000
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