JANUARY 2024, SALISBURY, MD – The McClellan Team and Chris Peek, Advisors with SVN | Miller Commercial Real Estate, teamed up to sell 1607 Northwood Drive in Salisbury, MD. This 15,000 square foot building sits on the corner of Northwood Drive and Alexander Avenue.

The building, occupied by four tenants with one vacancy, offered lucrative investment potential for a discerning buyer noting the upside of leasing out the one remaining vacancy coupled with long standing existing tenants. In addition to being largely occupied, the building’s product type of office/warehouse flex space made it a marketable asset from a leasing perspective given the demand for small to midsized office/warehouse space.

“As commercial real estate Advisors, we are frequently asked by investors what deals are available and worth taking a look at. When our team listed the multi-tenant flex building at the corner of Northwood Drive and Alexander Avenue, it became an opportunity that we pushed out to our expansive network through strategic marketing and collaborative efforts,” said John McClellan.

After utilizing targeted email campaigns, social media, and leveraging relationships within the industry, fellow SVN | Miller Advisor Chris Peek identified one of his experienced investors as the right buyer for this opportunity. After overcoming inspection obstacles, and coordination of various parties, they were able to bring the deal to a close prior to year-end for ownership. The McClellan Team was pleased to work with Chris in bringing this transaction to fruition.

Upon the closing of the sale, the seller said, “I have been pleased to work with The McClellan Team over the last 12 years on leasing efforts only to close out the project with a successful sale that would not have happened without the guidance and efforts of John and his team. I have truly enjoyed working with John over the years and would highly recommend his advisory services to those seeking clarity or advice pertaining to commercial real estate.”

If The McClellan Team or Chris Peek can assist with your commercial real estate needs, call 410.543.2440 or email john.mcclellan@svn.com or chris.peek@svn.com.  

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. (#SVNgivesback) The firm’s unique Shared Valued Network reflects its commitment to transparency, innovation, and inclusivity enabling collaboration with the entire commercial real estate industry for the benefit of clients and community.

SVN | Miller is an Accredited Management Organization® (AMO), boasting a team of dedicated professionals with market-leading knowledge and expertise including Certified Property Managers® (CPM®), Certified Commercial Investment Members (CCIM), and members of the Society of Industrial and Office Realtors (SIOR). SVN | Miller Commercial is currently ranked #8 out of 200+ international SVN® Offices. For information on how to make SVN | Miller Commercial Real Estate the key to your success, contact 410-543-2440 or visit our website www.SVNmiller.com.