Scanio of Cambridge Capital negotiates $9.36 million sale

Cambridge Capital Advisors, LLC has negotiated the sale-leaseback of Inner Harbor Marketplace. The property is a 35,000 s/f, grocery anchored shopping center located at 77 Scranton Ave.. The sale price was $9.36 million. Inner Harbor Marketplace is anchored by Windfall Market which executed a new 15-year NNN lease upon the close of escrow. West Marine, which has occupied this location since 1994, exercised a 5-year option. Michael Scanio, managing partner of Cambridge Capital Advisors, represented both the buyer and the seller. Cambridge Capital Advisors, LLC is a commercial real estate firm that provides strategic real estate advisory and consulting services to both private and institutional clients throughout the country on the acquisition and disposition of investment properties.