NBC Sold
Wesley Cox, CCIM, a Senior Advisor at SVN – Miller Commercial recently sold this 36,000 square foot industrial-flex investment property on the Eastern Shore of Maryland for $1,000,000. This is yet another closing that provides the evidence of the momentum that is still in the market right now. The property consists of two buildings totaling 36,000 SF divided into 30-units leased to various tenants. The property was approximately 65% occupied at the time of settlement and it sold at a 10.4% cap rate.
 
The seller’s of the property contacted Wesley after thoroughly investigating all of their options and within two-weeks of signing the listing agreement Wesley generated three competing offer’s and closed on the property within 75-days after signing the listing agreement.
 
“After looking at our available options it was clear that we were going to hire Wesley Cox at SVN. To our surprise, in a very short amount of time Wes produced 3 competing offers on our property and then provided the guidance we needed in making the best decision to move forward which allowed us to go to settlement in less than three-months after hiring him. We would recommend Wesley to anyone looking for commercial real estate brokerage and advisory services.”, commented the Seller of the property.
 
After the sale the buyer had this to say about his purchase, “Wesley presented this investment property to me that included a very creative financing structure. Because of the creative solution he presented I now have one of the best performing investments I have ever had. I have worked with dozens of commercial real estate agents and Wesley is by far one of the best.”
 
For the seller, Wesley was able to quickly meet their goals; and for the buyer, Wesley was able to carefully structure an investment with creative financing to earn a 36% return on investment!!
 
If you are in need of a commercial real estate solution and would like to work with a trusted advisor please reach out to Wesley Cox. You will find what these two clients found, a trusted advisor with a client centered approach with no conflicts of interest competing with your goals.

SVN-MILLER COMMERCIAL REAL ESTATE

SVN - Miller Commercial Real Estate, with offices in Salisbury, MD, Easton, MD, and Seaford, DE is a financial services firm specializing in commercial real estate. We provide advisory, brokerage, consultation, leasing and asset and property management services to clients in the Mid-Atlantic Region. We combine a comprehensive national footprint with local decision making, expertise and market-leading execution. We maintain an unequivocal commitment to our clients and community (#SVNgivesback).

SVN - Miller is an Accredited Management Organization® (AMO). Our team of dedicated professionals with market-leading knowledge includes a highly-trained staff of Certified Property Managers® (CPM®), Brokers who hold the prestigious Certified Commercial Investment Member (CCIM) designation, and members of the Society of Industrial and Office Realtors (SIOR).