MARCH 2023, SALISBURY, MD – Henry Hanna, CCIM, SIOR and Flo Brotzman, Senior Advisors with SVN Miller Commercial Real Estate have sold 10800 Clipper Circle, Princess Anne, MD. A local development group purchased the property with intentions of collaborating on a joint project including student and workforce housing.
The property is comprised of three multifamily buildings each containing 30-units. The original plans also allow for an additional two buildings to be constructed on the property.
This multi-family facility is located on the south-end of Princess Anne across from Washington High School and just under 2 miles from UMES (University of MD Eastern Shore). It is also approximately 25-miles from Wallops Island Flight Facility. The property was originally constructed as graduate housing for University of Maryland’s Eastern Shore College.
The Hanna Team collaborated with Bret Davis of Keller Williams Realty. Davis represented the buyer in this transaction. Davis Strategic is remodeling the interiors and has plans to add a hiking trail, electric car chargers, a clubhouse, a pool, fiber internet, kayak launch and an additional 90 units. Apartments are available immediately.
The Hanna Team ranked in the top 1% of SVN International Corp. in 2021. With over 100 years of brokerage experience, the Hanna Team specializes in Industrial, Office, Retail, Land and Leasing. If you have a property you would like to list or would like to discuss other available opportunities with The Hanna Team, please call 410.543.2440 and speak with Henry Hanna, Flo Brotzman, or Wesley Cox.
SVN | Miller Commercial Real Estate is a regional firm specializing in commercial real estate, providing advisory, brokerage, consultation, leasing, and asset & property management services to clients in the Mid-Atlantic Region. SVN combines a comprehensive national footprint with local decision-making expertise and market-leading execution*.
The Brand pillars represent the transparency, innovation, and inclusivity that enables Advisors to collaborate with the entire real estate industry on behalf of all clients. SVN’s unique Shared Value Network® is just one of the many ways that SVN Miller Advisors create amazing value and maintain an unequivocal commitment to their clients and community (#SVNgivesback).
SVN |Miller is an Accredited Management Organization® (AMO), with a 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).
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