TJM Properties affiliate buys Trails End Motel


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  • | 5:14 p.m. July 5, 2013
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BUYER: Treasure Island Palms LLC (principal: Terence J. McCarthy as trustee), Clearwater
SELLER: Trails End Motel Inc.
PROPERTY: 11440 and 11500 Gulf Blvd., Treasure Island
PRICE: $4.5 million
TITLE FIRM ON DEED: A Heritage Title - Pinellas Inc., St. Petersburg

PLANS, DESCRIPTION: An affiliate of Clearwater's TJM Properties purchased the 56-room Trails End Motel for $4.5 million.

The price equated to $80,357 per unit.

 

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