POCOMOKE, MD – John McClellan, Senior Advisor with SVN Miller Commercial real estate closed on 1842 Broad Street, Pocomoke, MD. McClellan was working with a Somerset investment group to purchase the property. Tom Knopp, also with SVN Miller, listed the property and represented the seller.
1842 Broad St will be home to Simplot Grower Solutions beginning this summer. Simplot, based in Boise, Idaho, provides a full suite of services for farm operations from custom blending and application, field scouting, pest trapping, farm data management, financial services, and so much more. Local advisors are ready to provide supportive service, detailed data, and preferred products to farmers across the nation.
“We are seeing an elevated demand for industrial warehouse space but a very tight market of available opportunities”. Sometimes, you must think outside of the box and explore opportunities that, while they might not immediately check all of your boxes, have the potential and ability to fulfill your business needs within a reasonable timeframe. For this deal, we found an ideal location but the building was fully leased. We were able to put the building under contract and through the due diligence process, we analyzed leases and ensured a smooth transition so that when current agreements expired, the buyer could lease out the entire 41,600 square foot building to their new tenant, creating a long-term stable asset generating a positive return on investment,” said McClellan.
Many clients that I work with encounter the obstacle of time. Whether timing is immediate with no current availability, or perhaps more time is needed, the obstacle of time is a frequently encountered hurdle that with a trusted advisor’s help, can be overcome and creatively minimized to achieve your real estate goals. To discuss opportunities with John, please call 410.543.2428 or email john.mcclellan@svn.com.
