• Clayton Crossing - 32442 Royal Blvd, Dagsboro, DE 19939

For Sale

Office

For Sale

This property is available for sale
7.0
Acres
$6,200,000
Sale Price
  • Total Building Size
    56,000 RSF
  • Overview

    The property is well located on the southeast corner of the lighted intersection of Rt. 113 & Rt. 26. Rt. 113 is the main highway going north and south through eastern Delaware, and Rt. 26 is a main road headed to the Delaware beaches just minutes away. Commercial investment opportunity located in eastern Sussex County, DE, one of the fastest growing communities in the country. The investment offering is comprised of 3 office buildings situated on one-parcel of 7+/- acres. Approximately 70% of the property's income comes tenants that have been in place at this property for 10-years or more. NVR Homes & Mortgage, also known as Ryan Homes, is the main tenant with a recently constructed build-to-suit office building to service their explosive (but sustained) growth in eastern Sussex County Delaware. Ryan Homes is the largest and most active builder in the area and have been in the market for over two decades. The other two buildings are multi-tenant buildings with two main creditworthy tenants that have been in place at the property for 10-years or longer showing good stability. There is very little (space) competition in this growing market so re-leasing vacant spaces has not been a challenge historically. Only 11 miles from the popular and growing Bethany Beach, space at this property will be in demand for the foreseeable future.

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Property Details

The property is well located on the southeast corner of the lighted intersection of Rt. 113 & Rt. 26. Rt. 113 is the main highway going north and south through eastern Delaware, and Rt. 26 is a main road headed to the Delaware beaches just minutes away. Commercial investment opportunity located in eastern Sussex County, DE, one of the fastest growing communities in the country. The investment offering is comprised of 3 office buildings situated on one-parcel of 7+/- acres. Approximately 70% of the property's income comes tenants that have been in place at this property for 10-years or more. NVR Homes & Mortgage, also known as Ryan Homes, is the main tenant with a recently constructed build-to-suit office building to service their explosive (but sustained) growth in eastern Sussex County Delaware. Ryan Homes is the largest and most active builder in the area and have been in the market for over two decades. The other two buildings are multi-tenant buildings with two main creditworthy tenants that have been in place at the property for 10-years or longer showing good stability. There is very little (space) competition in this growing market so re-leasing vacant spaces has not been a challenge historically. Only 11 miles from the popular and growing Bethany Beach, space at this property will be in demand for the foreseeable future.

  • Property Type
    Office
  • Sale Price
    $6,200,000
  • Total Building Size
    56,000RSF
  • Total Acres
    7.0
  • Building Class
    A
  • Sale Status
    Available
  • Last updated
    May 31, 2019
  • Property ID
    2078587

Landlord's Sales Representatives

  • Henry Hanna, CCIM, SIOR
    SVN | Miller Commercial Real Estate
     
  • Wesley Cox, CCIM
    SVN | Miller Commercial Real Estate