SALISBURY, MARYLAND – APRIL 28, 2020 – Principal Chris Davis recently represented a local investor in its purchase of a $7.6 million-dollar investment portfolio. The Maryland and Delaware properties were a part of NAI Coastal’s confidential listing database and promptly fulfilled the purchaser’s tax-deferred exchange needs.
401 Purdy Street (Easton, Maryland), 105 Park Avenue (Seaford, Delaware), 1336 Belmont Avenue (Salisbury, Maryland) and 2257 Northwood Drive (Salisbury,Maryland) were purchased by Cool Branch Associates, an LLC operated by investor Brian E. McKinley.
“I’ve worked with Chris and the NAI Coastal team in the past and had full confidence in their ability to advise me through my 1031 Tax Deferred exchange,” said McKinley. “Their access to the Shore’s top investment opportunities, both on and off market, proved to be a huge resource. All of the properties purchased were sourced from their portfolio and proved to be quality, sound investments.”
Davis collaborated with Tom Knopp of SVN Miller Commercial Real Estate who also represented the purchaser. For more information on this transaction, contact Chris Davis or Tori Brown at 410-543-5115 or chris@naicoastal.com / tori@naicoastal.com.
About NAI Coastal
NAI Coastal is a full-service commercial brokerage headquartered at 108 Pine Bluff Road in Salisbury, Maryland with a branch office in Easton, Maryland. The team of twelve advisors have comprehensive market knowledge and an unwavering commitment to the Delmarva region. In addition to brokerage and development, NAI Coastal rounds out their service offerings with consulting, which covers leasing, assemblage, acquisition and sale and investment advising. For more information please visit www.naicoastal.com or call 410-543-5115.
