4B — December 14 -27, 2018 — New Jersey — M id A tlantic
Real Estate Journal
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Menz of Coastline Realty represents buyer Procision sells the Cabin City Motel in Cape May County
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APE MAY COUN- TY, NJ — Procision Business Brokers , a division of Procision Commercial Realty , rep- resented the owner in the re- cent sale of the 34-unit Cabin City Motel in lower Cape May County. Positioned just outside of Cape May, the year-round business is ideally situated on the corner of Route 9 and Ferry Rd. in Lower Twp. This unique property consists of a 2-story Motel as well as numerous Cabins of various sizes, rang- ing for efficiency cabins to C
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Cabin City Motel
one, two and three bedroom units. Amenities include a swimming pool, picnic area, charcoal grills, Wi-Fi and pet friendly rooms. Carol Menz , broker / own- er of Coastline Realty of Cape May represented the buyer, Cape Cottage Inn. As quoted by Carol, “Cabin City was a great opportunity for my client to purchase a cash flowing asset that has significant upside due to its close proximity to historic Cape May and the Cape May Ferry.” Located just off the southern most point of the Garden State Parkway and on a highly visible corner, the property benefits from the year-round Ferry traffic that pass it in connecting to and from the Garden State Parkway. Robert Beach , presi- dent of Procision Business Brokers and Commercial Realty, and Richard Shore , VP and broker of Procision Commercial Realty, collabo- rated on behalf of the seller and managed the complex deal throughout the disposi- tion process. “Boasting an irreplaceable location with unique visibility for Ferry traffic and vacationers alike, Cabin City has experienced a long and successful history dating back to the 1960’s” said Rich Shore. Considering the limited number of lodg- ing properties that change hands annually, the site represented an excellent opportunity to acquire a quality asset with a value- add component as well as a proven track record and repeat customer base. On behalf of Procision and the seller, “we wish the new owners the same success for many years to come.”
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