SVN Miller Commercial Real Estate brokers 12,800 s/f sale
FRUITLAND, MD & Seaford, DE — Henry Hanna and Flo Brotzman of The Hanna Team at SVN Miller Commercial Real Estate recently settled on 743 S. Camden Ave., Fruitland, MD. This property was listed and closed in six weeks. The Hanna Team represented the seller Randy Campbell, of Campbell’s Collison. The seller, Campbell’s Collision, is relocating to a new location at 312 N. Salisbury Blvd., Salisbury, MD.
Chris Peek also with SVN Miller Commercial represented the buyer, an investor client. This property is a very attractive 12,800 s/f facility is set up as body shop/garage on 2.42 acres.
“The commercial real estate market is strong; rates are good, and I am happy that we were able to secure a buyer so quickly” said Brotzman.
“The buyer expressed his sincere appreciation for the teamwork, coordination and effort by SVN | Miller Commercial, which they put forth to make the deal come together,” said Peek.
In a separate transaction, John McClellan and Kelly Jeter with SVN Miller Commercial Real Estate settle on Venture Business Center located at 180 Kent Dr. in Seaford, DE. This is the second industrial investment in two years for the buyer- Baltimore based Kraus Development.
In April of 2019, Kraus Development purchased an office/warehouse flex complex on Naylor Mill Rd. Since the sale, they have made extensive renovations to the property including an upgraded parking lot, new roofs, and new landscaping/building facades. In just over a year, Jeter, in cooperation with the brokerage community, has fully leased the property which was purchased with a 97% vacancy rate. With the stabilization of their latest purchase, they were open to the opportunity of pursuing another investment opportunity if the right deal became available.