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.
