NAI Coastal Principals Chris Davis and Joey Gilkerson collaborated in selling 500 Health Services Drive, a fully-leased medical investment building in Herring Run Professional Center in Seaford.
The transaction was valued at $1.5 million. The buyer and seller were not identified.
“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 has nearly 6,000 square feet of space. The building is comprised of two medical units, both of which are fully occupied by Peninsula Orthopedic Associates and Peninsula Home Care.
NAI Coastal has an office in Salisbury, MD.