Principal Chris Davis of NAI Coastal recently brokered the sale of +/- 6.09-acres of commercial land situated at the corner of Bridgeville Highway and Herring Run Road in Seaford, Delaware. The purchaser intends to develop the site, further contributing to Sussex County’s active growth and development.
“Chris’ understanding of the development approval process was extremely helpful as we navigated contract negotiations and the buyer’s due diligence period,” said seller Rob Lord of Dallas, Texas. “He represented our interests well and ensured that we struck a fair, equitable deal for all.”
The parcel is located directly behind Lowe’s Home Improvement, a big box retailer fronting Sussex Highway. In recent years, the surrounding land has been a hotspot for several medical developments including Herring Run Professional Center and a new TidalHealth campus.
Final settlement took place in late February and the transaction yielded $500,000.
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 twelve 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
