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Coastal Dealerships Buys $2.1M Hanover Property, Plans Volkswagen Dealership

May 13, 2011 | Reprints | Unlock Link | Print

1 Saturn Drive, Hanover Coastal Dealerships has purchased the 10,400-square-foot building at 1 Saturn Drive in Hanover for $2.1 million.

Coastal Dealerships plans to use the property to open Coastal Volkswagen on July 1 after extensive building and landscape renovations take place, according to a statement.

The property was last purchased by Route 3 Hanover LLC for $2.2 million in September 2007, according to records obtained from The Warren Group, publisher of Banker & Tradesman. The property, which sits on 3.17 acres, was last assessed for $1.52 million.

Quincy-based Daniel J. Flynn & Co. represented the seller in the sales transaction. Ben Stout, of Plymouth-based Atlantic Properties, represented the buyer.

Commercial & Industrial