Seaford industrial site sells for $7.4 million

1
Advertisement

Marcus & Millichap announced the sale of a 124,784-square-foot industrial site in Seaford for $7.4 million.

“Due to the limited properties available in the greater submarket,” says Bob Johnson, senior director, “the buildings were well-received by the owner-occupied community, thus creating an opportunity to execute a seamless transaction.” 

The buyer was listed as an LLC with a Wilmington address.

Bob Johnson and Paul Johnson, investment specialists in Marcus & Millichap’s Atlanta office, had the exclusive listing to market the property on behalf of the seller, a Maryland-based LLC. Timothy B. Stephenson Jr., Broker of Record, assisted in closing the transaction. Additionally, the Johnsons collaborated with John McClellan and Kelly Jeter of the SVN-Miller Commercial Real Estate office in Salisbury, MD.

The industrial portfolio, located at 6063 and 6095 Whitehurst Dr., sits on 23 acres. It includes two buildings, including an undeveloped 10-acre tract with potential for expansion.

Advertisement

The warehouses have high ceilings, dock doors, drive-in doors, conditioned production space, food-grade clean space, and office facilities.

The site was once occupied by Grayling, a part of Newark-based ILC Dover.

The company makes containment products for contamination control on asbestos abatement projects and industrial packaging products.

Grayling, while praising the Seaford workforce, previously announced it would move jobs to Mexico after determining it could not be a low-cost producer in the U.S.

Advertisement
Advertisement