Salisbury, MD – John McClellan with SVN | Miller Commercial has sold Westwood Business Center in Salisbury, MD. The industrial complex is located on the West side of Wicomico County.
The property spans 31,600 SF consisting of two buildings, fully occupied by Sherwin Williams flooring and Capital Electric (a subsidiary of Paris based Sonepar). The two companies have occupied the buildings since their construction in 2008. Located at the front of Westwood Commerce Park (a 250+ acre business park), this parcel includes frontage on Business Rt 50 allowing for an immense amount of exposure.
Strong national credit tenants, and lack of deferred maintenance made this property desirable for an investor(s) looking for a passive, low maintenance, stable industrial investment opportunity. After multiple offers, the McClellan Team was able to reach an agreeable deal with a group of local investors that saw the immense amount of value in this fully leased facility with lease terms running through 2028 and 2029.
Jay Pearce, member of Westwood Business Center, LLC said, “John and his team dedicated the time and resources necessary for a successful transaction. The expertise demonstrated and attention to detail helped facilitate a smooth due diligence process, constantly keeping me apprised every step of the way. I truly feel like John kept my best interests at the forefront and appreciate his guidance and professionalism throughout the entire process.”
Westwood Commerce Park is a planned mixed-use business park located at the gateway to Salisbury – within the city limits, the park offers full water, sewer, natural gas, and electrical services. Access to the park is provided via a full movement lighted intersection at Rt 50 Business and Naylor Mill Rd.
Additional lots varying in size and available infrastructure are still available – if interested, please contact John McClellan, Kelly Jeter or Chris Messick from The McClellan Team at john.mcclellan@svn.com, kelly.jeter@svn.com, and chris.messick@svn.com or 410-543-2440.
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