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 park in Milton, DE. The park is leased to four (4) tenants with one vacancy. This present a unique opportunity for an an owner/occupant to purchase the park, occupy the vacant portion, collect the rental income while other tenants pay for the majority of the mortgage. The park consists of two existing buildings totaling 12,860+/- SF, while offering 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, and the pad site is approved for a 3,264+/- SF building. The property offers approximately 80 on-site parking spaces, multiple monument signs, and good accessibility. It has been very well maintained including landscaping, new roof, and new HVAC units. 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. There are 2,000+/- new residential homes under construction or in planning in Milton, ensuring the long-term growth potential in one of Sussex County’s desirable corridors. Note: The cap rate and price per square foot shown do not include the value of the additional 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

• Leased - Medical office park
• Great for owner/occupant (5,528 SF)
• 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)