Solutions Oriented Asset Management and Brokerage Overview
Founded in 1994, Spinnaker Group is an asset management and commercial brokerage firm that specializes in land and commercial transactions across all asset classes. Spinnaker has a staff of 15 dedicated professionals who focus on correctly positioning properties, management, leasing and sales. Spinnaker has a rich history of success including the acquisition and disposition of millions of square feet of commercial buildings, the sales and marketing of over 60 residential subdivisions and condominium projects - 1,000's of units, the sale of many large land tracts plus retail and office leasing with local and national tenants.
Despite the economic times we are now facing, our firm is growing. Over the past year, Spinnaker has been actively managing and marketing bank-owned commercial property in Massachusetts, Rhode Island and Connecticut
We offer a variety of solution oriented services targeted to the needs of our banking clients including:
Opinions of Value/Market Analysis - Spinnaker provides thorough, timely and accurate distressed asset Opinions of Value. Realistic assessment and pricing services are critical in today's challenging marketplace. Spinnaker has extensive and up-to-date market data based on its long-term experience throughout the area. Our wide network of co-operative relationships with other commercial brokerage firms and real estate companies throughout the region also enhances our research and valuation capabilities.
Asset Management - Spinnaker handles all aspects of property and asset management from foreclosure through final disposition. Spinnaker secures the property, works with existing tenants, manages all of the physical needs of the property, handles renovations or upgrades and provides timely and accurate accounting of all transactions related to the property operations and improvements.
Work-Outs - Typically, foreclosed properties are not in saleable condition. Many assets require creative repositioning to make them marketable. Requirements may range from completion of construction to obtaining municipal approvals. Others may require special financing to be put in place to get the deal done. We have worked properties from all of the angles and can help to get tough properties off your books.
Commercial Brokerage - The ultimate goal is the disposition of bank-owned property for the best price. We have an experienced team of Commercial Brokers to handle all aspects of the transaction for you. We are well connected and have many buyers who are actively looking for assets like yours. We are licensed in Massachusetts, Rhode Island and Connecticut. We are members of the Multiple Listing Service in the states we serve, as well as members of the Bristol County (MA) Board of Realtors, RI Commercial Board of Realtors, Eastern Connecticut Board of Realtors, and the Rhode Island Builders Association. We also subscribe to Loopnet and CoStar, the premier commercial listing services. Our listings get excellent exposure to the marketplace and we can sell your property fast.
BANK OWNED! FOR SALE - $1,100,000
277 South Street, Walpole, MA
Former company had 3,316 sf of 1st Class Office space & 6,840 sf of Warehouse. The warehouse is subdivided into 7 separate bays. Currently there are two tenants. There is a large fenced storage yard behind the building. Masonry construction. Building is only six years old and in great shape.
Zoned: LM
Taxes: $12,459/2010
Andy Kushner, 617-571-9190, akushner@spinngroup.com
Carol Knapp, 508-527-5274, carolknapp@spinngroup.com
BANK OWNED FOR SALE - $199,900
58 Washington Street, Pawtucket RI
- Woodlawn area. 6,800 sf Commercial building on .25 acres
- 4 Offices, 2 manufacturing areas, 8 bathrooms.
- Rehabbed in '90-91, newer roof. Private fenced parking for 22 cars.
- Easy maintenance exterior, upgraded electric, separate utilities.
- 9 - 12' ceilings, loading dock.
- Zoned Commercial
Contact Andy Kushner 508-543-2700 ext 201 or email akushner@spinngroup.com for information.
Download flyer here
spinngroup.com/userfiles/file/58Washington flyer 6-25-10.pdf
BANK OWNED - FOR SALE - $1,900,000
South County Plaza, 570 Nooseneck Hill Road, Exeter RI
- Zoned commercial, mixed use
- 27,000 sf restaurant/office/retail center
- Fully equipped 9,000 sf restaurant, high efficiency propane, HVAC & generators
- 1200 AMP 3-phase electric
- Situated on 5.85 acres
- Electric, water, sewer, gas, cable
- 250+ parking
- 2,500 to 9,000 sf spaces available
- 14 ft OH drive in
- Great location, good highway access. Potential users: Restaurant, office, retail center
Contact Andy Kushner at 617-571-9190 or email akushner@spinngroup.com for more information.
Download flyer here
spinngroup.com/userfiles/file/570 Nooseneck Hill Exeter flyer 3-1-10.pdf
BANK OWNED - FOR SALE $599,000
128 Chace Road, Freetown, MA
4.7 Acres Land
Two buildings: Bldg #1- 3816 sf, Bldg #2 - 11,356 sf
Former Heritage Woodwrights Facility.
Building 1 has the former office & retail operation for Heritage Mill Works. It has a reception area and a small office plus 2 bathrooms.
Building 2 was used for manufacturing hardwood moldings. The building has 14-16' ceilings, heavy-duty electric power, a concrete floor and large sliding doors.
Zoned: General use Assessment: $542,400 Taxes: $8445/2008
Town water, on-site Septic. The site includes a vacant lot in the rear of the site.
For more information call Andy Kushner, 508-543-2700 ext 201 or email akushner@spinngroup.com
Click here for flyer
spinngroup.com/userfiles/file/freetown flyer.pdf
Bank Owned - SOLD
13 Water Street, Danielson CT
$199,900
- 5,544 sf former restaurant, bar & nightclub
- Waterfront, located in central business district
- Many updates in 2006
- 1st floor has kitchen, dining room, bar & door to patio seating
- 8,000 sf LOT
- Easy show, cal for lockbox
- Located off Rt 12 (Main St)
Call Andy Kushner, 508-543-2700 ext 201 or email akushner@spinngroup.com
BANK OWNED - SOLD
218 Pocasset Ave, Providence, RI
Bakery with Apt above
- All equiptment included.
- turn-Key
- over 3100 SQFT bakery with ovens
- 1300 SQFT APT
Contact Andy Kushner 508-543-2700 or email akushner@spinngroup.com
BANK OWNED - $249,000 - SOLD
17 West Parkway, Plainfield CT
- Modern single-story industrial building built in 2002
- 7320 sf building on 2.1 acres
- 6600 sf is open warehouse floor space, 720 sf is a store front with 1 full bath and 2.5 baths, kitchenette style employee break area
- Overhead bay door approx 10'x19'
Call Andy Kushner for more information at 508-543-2700, ext 201 or email akushner@spinngroup.com
40 Sonoma Ct, Providence RI
SOLD
- $189,900
- 12,600 sf warehouse, manufacturing
- .20 acre lot
- loading dock, drive in
- easy access to Rt 10 and Rt 95
- Town water/sewer
Call Andy Kushner 508-543-2700 ext 201 or akushner@spinngroup.com
BANK OWNED - SOLD
Reduced $159,000
863 BROAD ST, CENTRAL FALLS
- Restaurant
- 2 Residential units above
Contact Andy Kushner, 508-543-2700 or email akushner@spinngroup.com
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BANK OWNED - $115,000 - SOLD
Washington Heights, 930 Narragansett Ave, Providence RI
- Located on a corner
- Turn-Key resturant, or Deli
- Just a few blocks from Johnson and Wales
Andy Kushner at 508-543-2700 or email akushner@spinngroup.com
