JUNE 2017, SALISBURY, MD – SVN | Miller Commercial Real Estate Advisors John McClellan, CCIM and Joey Gilkerson collaborated to sell 406 Marvel Road in Northwood Industrial Park. The 60,000 square foot warehouse/manufacturing building, situated on over 6 acres, was purchased by Demco (Delmarva Electric Motors). John McClellan was the listing agent and Joey Gilkerson represented the buyer.
Demco, a one-stop shop for electric motor needs, has been in business for nearly 60 years and is currently located on Gordy Road in Salisbury, MD. They plan to make extensive renovations to their new space as well as clear the easterly lands to allow more visibility for the property. Demco will occupy approximately half of the property and the remaining square footage will be available for lease.
“As we approach our 60th anniversary we are excited to expand into a larger space and join the Northwood Industrial Park Community,” stated Gary Brown, owner of Demco. “We are thankful to Joey for helping us find the perfect property to continue to provide our clients with top-notch service at a reasonable price.”
For more information about this transaction or to inquire about available properties on the Eastern Shore, email John McClellan at email@example.com, Joey Gilkerson at firstname.lastname@example.org or call 410-543-2440.
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).