APRIL 2016, SALISBURY, MD – Wesley Cox, CCIM, Senior Advisor with the Hanna Team at SVN | Miller Commercial Real Estate recently sold the retail and office center known as Aydelotte Commons. The center is located on the northeast collector road (Beaglin Park Drive) in Salisbury, MD. The property consists of a 10,500 square foot building divided into 7 units situated on 1.32 acres at the lighted main entrance of the Villages at Aydelotte Farms, a major subdivision in Salisbury. Current tenants include Edward Jones, Dr. Debbie Steele – Low Vision Specialists, and Michelle’s Pretty Paws. The property was purchased by an investor for $900,000.
Wesley comments, “This represents my third sale of an investment property in the last 30 days with each respective buyer needing to complete a 1031 Tax Deferred Exchange. This is a strong indicator of a robust marketplace and a growing confidence in commercial real estate investments. The property will generate immediate income for the buyer and will also give him great upside potential with the future growth of the Villages at Aydelotte Farms subdivision. The out of area buyer was attracted to Salisbury for many reasons and I look forward to continuing our relationship through future investments.”
For more information about this transaction or available investment properties on the Delmarva Peninsula, contact Wesley Cox at email@example.com or call 410-543-2421.
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).