Selbyville, DE — Shelby Tomlinson, Commercial Real Estate Advisor with NAI Coastal, is pleased to announce the successful sale of a ±39,500 square foot industrial property on approximately 3 acres in Selbyville, Delaware.
Tomlinson represented the seller in the transaction, which was completed following a strategic repositioning of the asset. After an initial marketing period and nearly a year on the market, ownership enhanced the property’s investment profile by securing a stronger lease structure, including an extension of the initial lease term with the existing tenant.
Several months after being taken off market, a previously engaged buyer, who had come close to executing a deal on two prior occasions, re-engaged in negotiations, ultimately bringing the deal to completion.
The property is occupied by Cabinetry Unlimited, a long-standing business serving the Delmarva Peninsula, and benefits from stable tenancy supported by a nationally recognized parent company. The site includes three industrial buildings with functional features and is zoned General Commercial, allowing for a range of uses. With limited availability of similarly zoned land in Eastern Sussex County, the site presents strong potential for continued demand and future appreciation.
“This transaction reflects the value of patience and adaptability in today’s market,” said Tomlinson. “By refining our approach, we were able to align the asset with the right buyer and achieve the seller’s objectives. It was especially rewarding to bring the deal together with a buyer we had worked closely with in the past.”
The sale underscores continued demand for industrial assets in Eastern Sussex County, particularly those offering both in-place income and long-term flexibility.
For more information on this transaction or to inquire about other investment opportunities, contact Shelby Tomlinson by emailing Shelby@NAICoastal.com or by calling 410- 543-5115.
About NAI Coastal
NAI Coastal is a full-service commercial brokerage headquartered at Riverview Commons, 150 West Market Street, Suite 101 in Downtown Salisbury, Maryland. The team of nine advisors have comprehensive market knowledge and an unwavering commitment to the Delmarva region. In addition to brokerage and development, NAI Coastal rounds out their service offerings with consulting, which covers leasing, assemblage, acquisition and sale and investment advising. For more information please visit www.naicoastal.com or call 410-543-5115.
