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Gilkerson Sells Autumn Apartment Complex in Selbyville, DE

MAY 2013, SELBYVILLE, DE – Joey Gilkerson, Advisor with Sperry Van Ness – Miller Commercial Real Estate in Salisbury, MD is pleased to announce the sale of Autumn Apartments on Cemetery Rd. in Selbyville, DE. Bradley Gillis, CCIM and Tom Knopp also of SVN – Miller served as co-brokers.

The majority of the tenants at this 28 unit apartment complex are employed at the local Mountaire Farms plant. The seller of the apartment complex is retiring to the Caribbean and the complex was purchased by an investment firm from New Jersey. Gilkerson represented both the buyer and seller. The final sale price was $1.13M. Gilkerson stated, “This is a perfect example of national reach with local expertise. The purchaser was reached through a national marketing campaign and depended on local market knowledge to determine the stability of the employee base at Mountaire. The purchaser plans to continue to pursue and focus on purchasing other multifamily properties.” For more information about this transaction or to learn about other available properties in Maryland or Delaware contact Joey Gilkerson at joey.gilkerson@svn.com or 443-880-6055.

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