SALISBURY, MARYLAND— April 27, 2021— 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, Suite 101 in Downtown Salisbury, Maryland. The team of ten 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.