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Office Warehouse

Seaford DE Industrial Portfolio

6063 Whitehurst Dr, Seaford, DE 19973

Listing Price: $8,100,000

Cap Rate
6.57%
Gross SF
124,784
Price/Gross SF
$64.91
Lot Size
23.00 acres
Year Built
1991
Rentable SF
124,784

Investment Overview

Marcus & Millichap in conjunction with SVN-Miller is pleased to exclusively present to the market for sale 6063 & 6095 Whitehurst Drive, a two-building Industrial portfolio totaling ±124,784 square feet in Seaford, Sussex County, Delaware. The warehouses feature high ceilings, dock doors, drive-in doors, conditioned production space, food grade clean space, and office space. Both buildings are fully sprinklered and operate on well and septic. Situated on a total of ±23 acres, the site contains an undeveloped ±10-acre tract. There is potential for the 6095 Whitehurst building to be expanded by an additional ±60,000 SF or to utilize the undeveloped land to store materials or trailers. The buildings have been extremely well-maintained and have undergone numerous renovations over the years. The property is positioned excellently along Route 20 just west of Route 13, the major north/south corridor of the Eastern Shore of Maryland and Delaware. The existing Delmarva Central rail line is only 700 feet from the property, and siding could easily be installed.

The complex is currently fully leased with the anchor tenant occupying 90,000 SF vacating at the end of January 2024 offering both an owner/user OR an investor an immense amount of opportunity.

Building 6063: Spans 61,900 SF and features ceiling heights from 22-26 ft, gas fired heating units in the warehouse, 9 loading docks, and 3 grade level overhead doors. The building has 3 phase, 600-1,200 amp electrical service and wet sprinkler system throughout.

Building 6095: Spans 62,884 SF and features ceiling heights from 22-28 ft, 38,500 SF of fully conditioned warehouse/production space, and 9,884 SF of finished, conditioned office space. Production and warehouse area have has fired duct heaters through package HVAC units. The building has 6 loading docks and 2 grade level overhead doors. The building is served with 1,200 amp, 3 phase electrical service with a wet sprinkler system.

Visit https://sussexcountyde.gov/ or https://www.choosedelaware.com/ to learn more about Sussex County and business growth and development in the state of Delaware!

Investment Highlights

  • Significant Owner-User Opportunity | Offset the cost of buildout with in-place NOI
  • Ideal Opportunistic Investment | Anchor tenant occupying 90,000 SF vacating at the end of January 2024
  • Development Potential | ±10 Acres Under-Utilized Land
  • Desirable Access to Route 13 | Existing Delmarva Central rail line is only 700 feet from the property and siding can easily be installed
  • Located in the County, No City Taxes | NO SALES TAX
  • Federal Opportunity Zone location provides tax benefits to investors
  • 38 miles from Dover, 125 miles from Philadelphia, 99 miles from Baltimore

Exclusively Listed By

Broker of Record

  • Timothy B. Stephenson Jr.

    Associate Regional Manager

    (215) 531-7000

    License(s) DE: RB-0031281

    Delaware

Financing By

Office Warehouse

Seaford DE Industrial Portfolio

Listing Price: $8,100,000

Cap Rate
6.57%
Gross SF
124,784
Price/Gross SF
$64.91
Lot Size
23.00 acres
Year Built
1991
Rentable SF
124,784

Investment Highlights

  • Significant Owner-User Opportunity | Offset the cost of buildout with in-place NOI
  • Ideal Opportunistic Investment | Anchor tenant occupying 90,000 SF vacating at the end of January 2024
  • Development Potential | ±10 Acres Under-Utilized Land
  • Desirable Access to Route 13 | Existing Delmarva Central rail line is only 700 feet from the property and siding can easily be installed
  • Located in the County, No City Taxes | NO SALES TAX
  • Federal Opportunity Zone location provides tax benefits to investors
  • 38 miles from Dover, 125 miles from Philadelphia, 99 miles from Baltimore

Investment Overview

Marcus & Millichap in conjunction with SVN-Miller is pleased to exclusively present to the market for sale 6063 & 6095 Whitehurst Drive, a two-building Industrial portfolio totaling ±124,784 square feet in Seaford, Sussex County, Delaware. The warehouses feature high ceilings, dock doors, drive-in doors, conditioned production space, food grade clean space, and office space. Both buildings are fully sprinklered and operate on well and septic. Situated on a total of ±23 acres, the site contains an undeveloped ±10-acre tract. There is potential for the 6095 Whitehurst building to be expanded by an additional ±60,000 SF or to utilize the undeveloped land to store materials or trailers. The buildings have been extremely well-maintained and have undergone numerous renovations over the years. The property is positioned excellently along Route 20 just west of Route 13, the major north/south corridor of the Eastern Shore of Maryland and Delaware. The existing Delmarva Central rail line is only 700 feet from the property, and siding could easily be installed. The complex is currently fully leased with the anchor tenant occupying 90,000 SF vacating at the end of January 2024 offering both an owner/user OR an investor an immense amount of opportunity. Building 6063: Spans 61,900 SF and features ceiling heights from 22-26 ft, gas fired heating units in the warehouse, 9 loading docks, and 3 grade level overhead doors. The building has 3 phase, 600-1,200 amp electrical service and wet sprinkler system throughout. Building 6095: Spans 62,884 SF and features ceiling heights from 22-28 ft, 38,500 SF of fully conditioned warehouse/production space, and 9,884 SF of finished, conditioned office space. Production and warehouse area have has fired duct heaters through package HVAC units. The building has 6 loading docks and 2 grade level overhead doors. The building is served with 1,200 amp, 3 phase electrical service with a wet sprinkler system. Visit https://sussexcountyde.gov/ or https://www.choosedelaware.com/ to learn more about Sussex County and business growth and development in the state of Delaware!

Exclusively Listed By

Broker of Record

  • Timothy B. Stephenson Jr.

    Associate Regional Manager

    (215) 531-7000

    License(s): DE: RB-0031281

    Delaware

Financing By

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