SALISBURY, MARYLAND — NAI Coastal Principals Chris Davis and Joey Gilkerson collaborated to sell 500 Health Services Drive, a fully-leased medical investment property within Herring Run Professional Center in Seaford, Delaware. The $1.5-million dollar transaction yielded a +/- 7.5% rate of capitalization.
“Sussex County is an attractive location for regional investors given its continued growth and rapid development,” said Davis. “I presented my client with this off-market opportunity in hopes that its location and the overall stability of the medical industry would catch their eye.”
500 Health Services Drive totals +/- 6,000 square feet. The building is comprised of two medical units, both of which are fully occupied by Peninsula Orthopedic Associates and Peninsula Home Care.
To inquire about other investment opportunities, contact Chris Davis and Joey Gilkerson at Chris@NAICoastal.com / Tori@NAICoastal.com and Joey@NAICoastal.com.
ABOUT NAI COASTAL
NAI Coastal is a full-service commercial brokerage headquartered at Riverview Commons, 150 West Market Street 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.
ABOUT NAI GLOBAL
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 375 offices strategically located throughout North America, Latin America and the Caribbean, Europe, Africa and Asia Pacific, with 6,000 local market professionals, managing in excess of $1.15 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.
NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services. To learn more, visit www.naiglobal.com or www.naiglobalnewslink.com.
