Milton Medical Park

Investment Overview

The Hanna Team at SVN - Miller Commercial Real Estate is pleased to present the Milton Medical Park, a well-positioned medical office campus located in Milton, DE. The park is fully leased, consists of two existing buildings totaling 12,860+/- SF, offers multi-tenant diversification, and has an additional pad site for expansion (could be divided off). Building #1 comprises 6,250 SF and Building #2 is 6,610 SF, with both fully leased to long-standing medical office tenants. The property offers approximately 80 on-site parking spaces, multiple monument signs, and excellent accessibility. In addition, the park includes a pad site for a future +/-3,264 SF office building, providing a rare opportunity for expansion in a growing market. With Sussex County being one of the fastest growing markets on the East Coast and with zoning & development constraints allowing for very little commercial construction to service that growth, there is strong inherent long-term value already in place. Strategically located near downtown Milton and Route 1, and with 2,000+/- new residential homes under construction or in planning, Milton Medical Park combines visibility, accessibility, and long-term growth potential in one of Sussex County’s desirable corridors. Note: The cap rate and price per square foot shown remove the value of the pad-site ($375,000). The seller will also consider subdividing off the pad-site and removing that from the deal. The listing price is broken down as follows: $3,600,000 for the buildings + $375,000 for the pad-site.

Investment Highlights

• Fully leased - Medical office park
• 2,000+ new residential lots in the works
• Highly desirable market
• Average Home Value (3 miles) = $436,446
• Future pad site for an additional 3,264 SF office building (could be excluded)