Brent Miller, CCIM, CPM, Managing Director and Senior Advisor with Sperry Van Ness – Miller Commercial Real Estate has 11022 Nicholas Lane in Ocean Pines, MD available for online auction on November 12, 2014. The property is part of the SVN Q4 National Auction, which includes over forty properties throughout the country.
The auction includes 7 fully-leased retail/office condo units located within the Village Square Shopping Center. The overall square footage of the units is 6,854 SF and the shopping center is located at the south main entrance to Ocean Pines, just minutes from historic Downtown Berlin and Ocean City, MD. This property is an excellent income opportunity with a net operating income (NOI) of $104,193 per year. The bidding is live now and ends on November 12 at 7 pm EST. The starting bid for the property is $675,000.
Miller states, “This is an excellent investment opportunity to purchase a property that is fully leased with strong tenants.” For more information on this property or for help registering for the auction contact Brent Miller, CCIM, CPM at brent.miller@svn.com or Tonney Insley at tonney.insley@svn.com, or call 410-543-2440. You can also visit the auction website at www.SVN-Bid2win.com.
