M id A tlantic Real Estate Journal — April 23 - May 20, 2021 — 5A
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M id A tlantic R eal E state J ournal The Hanna Team & Peek sell auto body shop in Fruitland, MD SVNMiller Commercial Real Estate brokers 12,800 s/f sale
M I D A T L AN T I C R E A L E S T A T E J OURNA L
S T A Y C O N N E C T E D W I T H M A R E J
RUITLAND, MD & Seaford, DE — Hen- ry Hanna and Flo Brotzman of The Hanna Team at SVN Miller Com- mercial Real Estate recently settled on 743 S. Camden Ave., Fruitland, MD. This prop - erty was listed and closed in six weeks. The Hanna Team represented the seller Randy Campbell, of Campbell’s Col - lison. 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 attrac - tive 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 Com - mercial, which they put forth to make the deal come together,” said Peek. In a separate transaction, John McClellan and Kelly Jeter with SVN Miller Com - F
Venture Business Center, on Venture Drive in Seaford just across the street from the re - gional FedEx Ground facility, features six 5,000 s/f warehous - es that are fully leased. Ten - ants leasing on the property include Brinks, Ditchwitch, Polytechnic, K Supply, andWH Metcalfe. Additionally, there is a vacant parcel that could support another 5,000 s/f ware - house, offering a buyer upside. The property was a clean, well kept, industrial investment opportunity that we identified as a valuable asset to grow the Kraus Development real estate portfolio. The McClellan Team rep - resented Kraus Development in a competitive offer scenario as multiple buyers were inter - ested. The McClellan Team was able to procure a successful outcome and secure the win - ning bid. Additionally, with one lease nearing expiration, McClellan and Jeter were able to secure a strong tenant replacement and are currently finalizing a lease to once again, achieve 100% occupancy. Gail Foltz with Shore United Bank completed the fi - nancing of the transaction and Tomasetti Law completed the settlement. MAREJ
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743 S. CamdenAve., Fruitland, MD
mercial 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 De - velopment purchased an of - fice/warehouse flex complex on Naylor Mill Rd. Since the sale, they have made extensive renovations to the property including an upgraded park - ing 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 pur - chased 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.
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